On January 23, 2025, H.E. Dr. Abdulnasser Alshaali, PhD, Ambassador of the UAE to India, visited the GJEPC head office and the Bharat Diamond Bourse (BDB) in Mumbai. The Ambassador received a warm welcome from prominent industry leaders, including Mr. Kirit Bhansali, Vice Chairman of GJEPC; Mr. Anoop Mehta, President of BDB; Mr. Milan Chokshi, Convener – PMBD, GJEPC; Mr. Mehul Shah, Vice President of BDB; and Mr. Sabyasachi Ray, Executive Director of GJEPC.
Dr. Alshaali was accompanied by a high-profile delegation featuring Mr. Fahad Albashr, Head of Economic Affairs Section; Mr. Ahmed Aljneibi, Senior Economic Affairs Specialist; Mr. Humaid Aldhabahi, Head of Department of Consular and Citizen Affairs; Mr. Geoffrey Flugge, Advisor to the Ambassador; Ms. Gauri Chopra, Analyst from the UAE Embassy; and Dr. Brenton Clark, Project Coordinator of the UAE-India CEPA Council.
Key Discussions and Areas of Collaboration
The discussions revolved around leveraging the Indo-UAE Comprehensive Economic Partnership Agreement (CEPA) to foster stronger bilateral trade ties in the gems and jewellery sector. Key points of focus included:
- Long-Term and Multiple-Entry Visas: Exploring streamlined visa policies to facilitate easier movement of business professionals and skilled workers between the two countries.
- Investment in the India Jewellery Park: Encouraging UAE investments in this transformative project aimed at enhancing India’s manufacturing and export capabilities.
- Boosting Trade Volumes: Identifying new opportunities to expand trade in diamonds, gold, and other jewellery segments.
- Collaboration Across Sectors: Strengthening ties between Indian and UAE businesses to drive innovation and sustainability in the global jewellery market.
Indo-UAE Partnership in Gems and Jewellery
The UAE remains a pivotal market for India, serving as the second-largest importer of Indian gem and jewellery exports. The visit underscored the shared vision of both nations to drive sustainable growth and innovation in this dynamic industry. By leveraging CEPA, the partnership aims to solidify the roles of India and the UAE as global leaders in the gem and jewellery sector.
Dr. Alshaali’s visit exemplifies the commitment of both countries to fostering economic prosperity through enhanced trade ties, highlighting the potential for greater collaboration and mutual success in the years ahead.
Disclaimer: This information has been collected through secondary research and TJM Media Pvt Ltd. is not responsible for any errors in the same.
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