{"id":3389,"date":"2021-01-29T21:00:14","date_gmt":"2021-01-29T15:30:14","guid":{"rendered":"https:\/\/gjepc.org\/solitaire\/?p=3389"},"modified":"2021-11-08T17:53:54","modified_gmt":"2021-11-08T12:23:54","slug":"india-global-connect-with-oman-traders-seek-duty-free-direct-access","status":"publish","type":"post","link":"https:\/\/gjepc.org\/solitaire\/india-global-connect-with-oman-traders-seek-duty-free-direct-access\/","title":{"rendered":"India Global Connect With Oman: Traders Seek Duty-Free Direct Access"},"content":{"rendered":"\n

The Gem & Jewellery Export Promotion Council (GJEPC) organised a virtual business meeting with Oman on 28th<\/sup> January 2021 in order to connect jewellery manufacturers from India and leading retailers\/wholesalers of Oman.<\/p>\n\n\n\n

Gracing the occasion were Ravi Shanker Goel, Second Secretary (Commerce) Indian Embassy in Muscat; Suresh Kumar, Joint Secretary Ministry of Commerce & Industry, Government of India; Nasser Ashraf Al Balushi, Head of Gemological Department, Ministry of Commerce Investment and Trade Promotion; Colin Shah, Chairman, GJEPC; Mansukh Kothari, Convener, Events, GJEPC; Sabyasachi Ray, ED, GJEPC.<\/p>\n\n\n\n

Thanking the GJEPC for organising the India Global Connect Meet with Oman, Mr. Ravi Shanker Goel, Second Secretary (Commerce) Indian Embassy in Muscat<\/strong> said, \u201cThis initiative will help the Indian gem and jewellery manufacturers to understand the challenges, opportunities, market scenario, and tariffs in Oman.  India and Oman have a deep-rooted people-to-people connect, and our historically good relationship was upgraded to strategic partnership in 2008. Thereafter there have been high level engagements between two countries.  India\u2019s gem and jewellery trade with Oman is negligible but there is ample scope for improvement.\u201d<\/p>\n\n\n\n

Mr. Suresh Kumar, Joint Secretary, Ministry of Commerce & Industry said, <\/strong>\u201cIn the past, due to the geographical boundary we have not been making desired efforts towards exploring the trade potential between the two countries. Shift of trade and businesses from physical to virtual platforms has provided us a wonderful opportunity to connect frequently with the Omani counterparts and identify business possibilities. We are hopeful that towards this direction, the India Global Connect meeting will enable us to achieve the desired objective of enhancing bilateral trade between the two countries, especially for gem and jewellery products.\u201d<\/p>\n\n\n\n

Colin Shah, Chairman, GJEPC <\/strong>said, \u201cThe India-Oman bilateral trade pertaining to gems and jewellery is not significant. This is apparent from the fact that Oman imports gold jewellery amounting to $431.52 million from the world. However, from India it imports gold jewellery worth only $2.51 million, constituting a 0.60% share of the total. Our design sensibilities match and the Middle East accounts for 66% of India\u2019s total gold jewellery exports, making it the largest market by far.\u201d <\/p>\n\n\n\n

Panellist from Oman included: Mr. Ismail Mohammed Adam Al-Saigh, Adams, Oman; Mr. Suresh Tanna, (Al-Nafisha jewellery), Oman; Mr. Anoop (Sona Gold & Diamond), Oman; Mr. Riyaz, (Sea Pearl Jewellery), Oman; Mr. Vatsal Soni, (Gulf Jewellery House); Mr. Ahmad Majan, (Modern Jewellery), Oman.<\/p>\n\n\n\n

Sharing the Indian perspective were Mr. Prakash Dhanak, Vijay Exports; Mr. Suvankar Sen, (Senco Gold); Mr. K Srinivasan (Emerald Jewel Industries); Colin Shah, Chairman, GJEPC; Mr. Milan Chokshi (Moksh Jewellery). <\/p>\n\n\n\n

Here are the key takeaways from the discussion:<\/strong><\/p>\n\n\n\n