GJEPC participates at India Show in Lahore

The focus is to enhance bilateral trade

Post By : IJ News Service On 17 February 2012 12:20 PM
Gold jewellery export seems to have taken a beating in the first quarter of fiscal year 2008-09. It dipped 6 percent, valuing to Rs.4,685 crore ($1,150 million), while in the same quarter last year it was Rs.5,003 crore ($1,198 million). The fall has been attributed to the rising gold prices, which pulled down gold jewellery exports by 11 percent in June 2008, valuing it at Rs.1,476 crore ($347 million), as against Rs 1,661 crore ($411 million). %% This is contrary to the overall gem and jewellery exports in Q1 of 2008, which surged by 23 percent and amounted to Rs.21,603 crore ($5,301 million), as against last year figures of Rs.18,051 crore ($4,321 million). The increase in cut and polished diamonds trading activities and reduced import duty, propelled the growth. %% The gold jewellery exports from direct tariff area (DTA) dipped by 22 per cent to Rs.2,164 crore ($531 million)and from the Special Economic Zone and Export Processing Zone grew by 14 per cent to Rs.2,521 crore ($619 million), as against Rs.2,217 crore ($531 million). %% What the industry is looking forward to is a consistent growth of 15-20 percent as has been for the last few years.

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