Editor’s Note
Industry experts in Surat have highlighted the timely significance of the India-EU Free Trade Agreement, forecasting substantial benefits for the gem and jewellery sector.
The India-European Union Free Trade Agreement (FTA) is a step taken at the right time. It will greatly benefit the gem and jewellery industry. This information was provided by industry experts on Wednesday.
Speaking to news agency IANS, Jagdish Khunt, head of the Surat Diamond Association, said that this agreement has brought major relief for the country’s gem and jewellery sector.
Dinesh Navadia, Chairman of the Indian Diamond Institute, said that India’s Free Trade Agreement (FTA) with the European Union will act as a booster dose for the gem and jewellery industry.
Dr. Vaibhav Garg, President of Global Government Affairs at the Meril Group of Companies, told the news agency that as our Prime Minister Modi said, this is the ‘Mother of All Deals’. This statement is proving true after the FTA has come to light.
He further said that this will provide the country’s medtech companies access to the markets of the EU’s 27 countries. This will help in increasing India’s exports as well as achieving the goals of self-reliance and Make in India.
Announcing the FTA between India and the European Union (EU), Prime Minister Modi said that this FTA is not just a trade agreement, but a new blueprint for shared prosperity.