GJEPC HOSTS DR. S. JAISHANKAR, HON’BLE MINISTER OF EXTERNAL AFFAIRS, GOVT OF INDIA

28th October 2024

GJEPC was honoured to host Dr Subrahmanyam Jaishankar, Honourable External Affairs Minister, Govt. of India, on October 27th Sunday. Dr Jaishankar was visiting Bharat Diamond Bourse at Mumbai for an Interaction on India’s foreign policy

Industry Leaders Address Pressing Concerns

Industry leaders gathered at GJEPC and addressed the pressing concerns, including the shrinking American market, fluctuating global demand, and intensifying competition.

Need for Diversification and Government Support

Members highlighted the need for diversification and increased government support to stabilise and grow exports.

Dr Jaishankar on Industry-Government Collaboration

Dr Jaishankar emphasised the importance of industry-government collaboration, encouraging businesses to engage directly with international counterparts. He acknowledged the diamond industry’s technological advancements and reaffirmed the government’s commitment to driving export-oriented growth.

Implications of G7 Sanctions on Diamonds

He also highlighted about G7 sanctions on diamonds and its implications for the diamond and jewellery industry.

Strategic Policy for Addressing Falling Exports

He stated that the Indian Government is seized with the fact on falling exports from India and is discussing a strategic policy to shift the narrative in favour of India during these challenging times for the world economy.