GJEPC and EXIM Bank Conduct In-Depth Study to Elevate Surat’s Jewellery Export Potential

The Gem and Jewellery Export Promotion Council (GJEPC) and EXIM Bank recently conducted a collaborative study in Surat, India's Jewellery manufacturing powerhouse, to analyze the industry's challenges and devise strategies for export growth

Post By : IJ News Service On 01 November 2024 3:57 PM

In a strategic effort to advance India’s jewellery export capabilities, representatives from the Gem and Jewellery Export Promotion Council (GJEPC) and EXIM Bank conducted a comprehensive cluster study in Surat, India’s primary jewellery manufacturing hub, on October 24-25, 2024. The initiative aimed to assess the unique challenges faced by local manufacturers and formulate actionable strategies to support export growth.

The delegation visited prominent manufacturing facilities, starting with Hari Krishna Exports Pvt. Ltd., one of India’s leading diamond exporters. The discussions focused on leveraging technology, addressing export barriers, and exploring new avenues for growth in design innovation, financing, and e-commerce. Key industry groups—including the Surat Jewellery Manufacturer Association, the Lab Grown Diamond Association, and the Surat Diamond Association—participated, engaging in talks about process improvements, technology adoption, and global market expansion.

On the second day, the team visited Green Lab, a pioneer in lab-grown diamond production. Conversations emphasized the growing potential of lab-grown diamonds in the international market and strategies to overcome operational and export challenges specific to this segment. Later, the team engaged with Elvee Jewels Pvt. Ltd., a major supplier to global brands, to discuss export opportunities and logistical improvements.

The insights gathered from these meetings will drive targeted interventions designed to address Surat’s specific manufacturing constraints and bolster its position as a premier exporter of fine jewellery.

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