GJEPC and EXIM Bank conducted an extensive survey study of Mumbai’s key jewellery clusters in a collaborative effort to bolster India’s jewellery exports. The joint team visited Zaveri Bazaar and West Malad on October 15th and 16th respectively, to gain insights into the challenges and opportunities facing local manufacturers and traders.
The primary objective of the study was to identify constraints hindering the growth of jewellery exports from Mumbai. The team sought to understand the current state of technology, skill levels, ease of doing business practices, and other factors impacting the export potential of these clusters.
During their visit to Zaveri Bazaar, the oldest and largest jewellery hub in India, the team interacted with local jewellers, manufacturers, and traders. Discussions focused on technological advancements, export challenges, and potential solutions, such as greater financing options, e-commerce adoption, and streamlined export procedures.
On the second day, the delegation explored the imitation jewellery clusters in Malad West and Borivali. These clusters are known for their high-quality imitation jewellery, catering primarily to the domestic market. The team sought to understand the challenges in penetrating international markets and discussed potential strategies, including innovative designs, scaling operations, and addressing supply chain bottlenecks.
The survey study is expected to provide valuable insights that will help the GJEPC and EXIM Bank develop targeted interventions to support the growth of Mumbai’s jewellery exports. By addressing the identified constraints, the goal is to enhance the competitiveness of local businesses and facilitate their entry into new global markets.