India’s Free Trade Agreement (FTA) partner markets present a major growth opportunity for the gems and jewellery industry, with annual jewellery imports exceeding US$55 billion and significant scope for Indian exporters to expand their global footprint.
Quick Summary
- Department of Commerce organised an outreach programme in Jaipur on leveraging FTAs for the gems and jewellery sector.
- India’s FTA partner countries import over US$55 billion worth of jewellery annually.
- India currently holds an export share of US$8 billion in these markets, indicating strong untapped potential.
- Rajasthan, contributing 97% of India’s coloured gemstone exports, is well-positioned to benefit from these opportunities.
- The government aims to help exporters, especially MSMEs and cluster-based enterprises, utilise FTAs more effectively.
- India targets USD 2 trillion in exports by 2030 through stronger competitiveness, market access, and manufacturing.
Department of Commerce Highlights Major Export Potential Through FTAs
Department of Commerce organises focused outreach to boost FTA utilisation in the Gems & Jewellery sector · India’s FTA partner countries collectively import over US$55 billion of jewellery annually; India’s current share of US$8 billion signals a large, untapped opportunity. · Exporters urged to leverage preferential market access under India’s FTAs and capture a greater share of the global jewellery trade.
Focused Outreach Programme Held in Jaipur
The Department of Commerce, Ministry of Commerce & Industry, Government of India today organised a focused outreach programme on “Leveraging FTAs for the Gems & Jewellery Sector” in Jaipur, in partnership with the Gems & Jewellery Export Promotion Council (GJEPC). Exporters, manufacturers, MSMEs and other industry stakeholders participated in the programme.
Government Push to Improve FTA Utilisation
The workshop is part of the Government’s sustained effort to ensure that exporters—particularly MSMEs and cluster-based enterprises—can fully capitalise on market access gains created through India’s new-generation FTAs.
India’s Export Growth and FTA Expansion
India’s total exports have nearly doubled over the past twelve years, reaching an all-time high of USD 863 billion in FY 2025–26—up from USD 468 billion in FY 2014–15. Merchandise exports stood at USD 442 billion and services exports at USD 421 billion, reflecting the resilience and competitiveness of the Indian economy.
Gems & Jewellery Sector Emerging as a Key Beneficiary
India’s FTAs have grown broader, deeper, and commercially more meaningful in recent years—covering a wider range of products, services, investment, standards, and trade facilitation. Gems & Jewellery has emerged as a leading beneficiary sector under these agreements.
Large Untapped Opportunity in FTA Markets
FTA partner countries collectively import over US$55 billion of jewellery annually. India’s current share stands at US$8 billion—pointing to substantial headroom for growth. Rajasthan, which accounts for 97% of India’s coloured gemstone exports and has a strong presence in silver and imitation jewellery, is uniquely placed to capture this opportunity.
Commerce Ministry Encourages Exporters to Utilise FTAs
Addressing the gathering, Shri Saket Kumar, Joint Secretary, Department of Commerce, said: “India’s FTAs are strategic instruments for expanding export opportunities. Our objective is to ensure that every exporter, including MSMEs and cluster-based enterprises is equipped to utilise them.”
Supporting India’s Long-Term Export Vision
The programme aligns with the vision of Hon’ble Commerce and Industry Minister Shri Piyush Goyal, who has underscored that India’s export growth strategy rests on enhanced competitiveness, improved market access, and stronger domestic manufacturing. Achieving the target of USD 2 trillion in exports by 2030 will require industry stakeholders to fully leverage the opportunities created by India’s expanding FTA network.
Continued Engagement Across Export Clusters
The Department of Commerce will continue similar engagements across key export clusters to ensure wider dissemination of FTA-related opportunities and help make India a leading global manufacturing and export hub under Viksit Bharat 2047.day-wear pieces. The brand operates through exclusive brand outlets, franchise stores, kiosks and Shop-in-Shop formats across 65 cities and 21 states, and has maintained profitability in every quarter since its inception.
FAQs
What was the purpose of the outreach programme in Jaipur?
The programme aimed to educate and assist exporters, manufacturers, MSMEs, and industry stakeholders in effectively utilising India’s Free Trade Agreements (FTAs) to expand jewellery exports.
Why are India’s FTA partner markets important for the jewellery sector?
These countries collectively import more than US$55 billion worth of jewellery annually, offering a large market for Indian exporters to increase their global share.
What is India’s current share in jewellery exports to FTA partner countries?
India currently exports about US$8 billion worth of jewellery to these markets, indicating significant room for growth.
How does Rajasthan benefit from these opportunities?
Rajasthan accounts for 97% of India’s coloured gemstone exports and has a strong presence in silver and imitation jewellery, making it a key beneficiary of expanded export opportunities.
What is the government’s broader export target?
The Government of India aims to achieve USD 2 trillion in exports by 2030 through enhanced competitiveness, improved market access, and stronger domestic manufacturing.
Will the Department of Commerce conduct similar programmes in other regions?
Yes, the Department plans to continue similar engagements across key export clusters to spread awareness of FTA-related opportunities and strengthen India’s export ecosystem.
Source: SVAR Media Network
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