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GJEPC represents India’s GJ  Sector in Commerce Minister’s UAE Visit

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GJEPC is part of the business delegation accompanying Shri Piyush Goyal, Hon’ble Minister of Commerce & Industry, in Abu Dhabi and Dubai from 18th to 20th September. The Indian delegation included  Kirit Bhansali, Chairman, GJEPC;  Adil Kotwal, Member, SEZ Panel, GJEPC;  Yogendra Garg, Regional Chairman Jaipur,  Bharat Takhtani, Director, Zar Jewels;  Arpit Narola, Director, Shree Ramkrishna Exports (SRK); and  Ashish Sakhardande, Head IJEX, GJEPC.

The discussions held on the first day focused on enhancing and building upon the Comprehensive Economic Partnership Agreement (CEPA), which came into force in May 2022.Since then, bilateral merchandise trade has nearly doubled, rising from USD 43.3 billion in FY2020-21 to USD 83.7 billion in FY2023-24. Gem and jewellery trade between the two nations increased from USD 20.88 billion in FY2022 to USD 28.15 billion in FY2024, a 35% rise. India’s gem and jewellery exports to the UAE also grew sharply by over 60%, from USD 4.95 billion to USD 8.04 billion during the same period.

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GJEPC launches ‘ JewelStart’ -India’s first dedicated innovation & incubation centre for the GJ industry

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IIJS Bharat Signature 2026 witnessed a defining moment for India’s gem and jewellery industry with the launch of JewelStart, GJEPC’s first dedicated innovation, incubation and acceleration platform for gems, jewellery and allied startups. Unveiled at the show in Mumbai on 10th January 2026, JewelStart signals a deliberate move to embed structured innovation, entrepreneurship and technology-led problem solving into the industry’s growth story.

Conceived as an industry-led incubation platform, JewelStart has been designed to address the specific needs of the gem and jewellery value chain. The initiative aims to enable start-ups, MSMEs to transform ideas into scalable, market-ready enterprises, while fostering collaboration between industry, academia, investors and government bodies. Through this initiative, GJEPC seeks to further reinforce India’s position as the “Jeweller to the World.”

On the occasion, GJEPC also signed a series of strategic Memorandums of Understanding (MoUs) to strengthen the JewelStart ecosystem and enable multi-stakeholder collaboration. The MoUs were signed between  Kirit Bhansali, Chairman, GJEPC and  Shaji Varghese, CEO, Society for Innovation and Entrepreneurship (SINE), IIT Bombay;  A Panigrahi, Senior Professor and PhD Scholar, National Institute of Design (NID), Ahmedabad;  Hitesh Sachdev, Head – Startup Engagements and Investments, ICICI Bank Ltd;  Narayanan Naduvath, State Operation Head, Indusind Bank Ltd; and  Mitesh Shah, Co-founder, Inflection Point Ventures.

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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

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