India Jewellery Exports Ke Liye EU Tariff Cuts Dekh Raha Hai

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AuthorAnanya Iyer|Published at:
India Jewellery Exports Ke Liye EU Tariff Cuts Dekh Raha Hai
Overview

India ka gem aur jewellery sector European Union mein ek badi untapped opportunity dekh raha hai, duty-free market access ke liye zor de raha hai. Chal rahe India-EU Free Trade Agreement (FTA) negotiations ke beech, Gem & Jewellery Export Promotion Council (GJEPC) EU ke current import duties kam karne ya hatane ke liye lobbying kar raha hai, jo gold, silver, aur imitation jewellery par 2.5% se 4% tak hain. Isse Indian jewellery products ke liye estimated US$16 billion export potential unlock ho sakta hai.

EU Market Potential Unlock Karna

Indian gem aur jewellery industry European Union mein ek mahatvapurna, phir bhi kam istemaal kiya gaya business opportunity highlight kar rahi hai. Jaise India aur EU ke beech Free Trade Agreement (FTA) negotiations aage badh rahi hain, Gem & Jewellery Export Promotion Council (GJEPC) Indian-made jewellery par existing EU import duties ko khatam karne ya kam karne ke liye actively campaign kar raha hai.

Yeh tariffs, jo filhaal gold, silver, platinum, aur imitation jewellery jaise items par 2.5% se 4% ke beech lagaye jaate hain, zyada market penetration ke liye ek barrier maane ja rahe hain. Indian exporters ka aim cut aur polished diamonds mein apni current strength se aage badhna hai, jismein CY2024 mein EU ko total exports ke US$2.7 billion mein se US$1.72 billion ka hissa tha. Gold aur silver jewellery jaise higher-value categories, jinka exports CY2024 mein kramashah US$453 million aur US$85 million raha, significant growth ke liye taiyar hain.

Market Share Gap Ko Bharna

EU dwara gold jewellery mein US$11.37 billion ki substantial annual import ke bawajood, India ka current market share sirf 4.11%, ya US$468 million hai. Silver jewellery mein bhi aisa hi pattern dikhta hai, jahan India EU ke US$2.47 billion import market ka sirf 4.2% aur US$2.7 billion imitation jewellery segment mein meager 2% share rakhta hai. GJEPC estimate karta hai ki sirf jewellery products mein untapped export potential US$16 billion tak ho sakta hai. Kirit Bhansali, GJEPC ke Chairman ne kaha ki Indian exporters higher-value jewellery categories mein volumes badha sakte hain, jisse India ki global trade positioning mazboot hogi.

Policy Support aur Sectoral Growth

International trade agreements ke alawa, sector domestic policy support ki taraf bhi dekh raha hai. Suvankar Sen, MD & CEO of Senco Gold, ne innovative mechanisms ke zariye India ke vast household gold holdings (lagbhag 24,000 tonnes estimate) ko mobilize karne ki potential highlight ki. Unhone gold par current 6% import duty ki review karne ka bhi call diya, saath hi artisans ke liye enhanced vocational training, zyada technology adoption, aur domestic demand serve karne ke liye Special Economic Zone (SEZ) units ke liye flexibility. Unka vishwas hai ki aise measures organised jewellery sector ka employment aur exports mein contribution badhayenge.

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