Indian Economy News

FTA will open new opportunities for Gem and Jewellery sector: GJEPC

India’s gem and jewellery sector has welcomed the signing of the India-New Zealand Free Trade Agreement (FTA) on April 27, 2026, viewing it as a significant step towards expanding global trade opportunities. According to the Gem and Jewellery Export Promotion Council (GJEPC), the agreement is expected to open new avenues for exporters by improving market access and strengthening bilateral trade ties. Chairman of the Gem and Jewellery Export Promotion Council Mr. Kirit Bhansali, highlighted that the FTA will not only create fresh export opportunities but also enhance the sector’s global competitiveness. The agreement comes at a time when India is actively pursuing diversified export markets, reducing reliance on traditional destinations and positioning itself as a key player in the global gems and jewellery industry.

The FTA is also anticipated to drive higher investments into the sector, supporting manufacturing, value addition, and employment generation across key jewellery clusters in the country. By enabling better trade conditions, the agreement is expected to attract both domestic and international stakeholders, further strengthening India’s position as a leading jewellery exporter. Industry leaders believe that such trade agreements play a crucial role in long-term sectoral growth, helping businesses scale operations and tap into emerging markets. Overall, the India-New Zealand FTA is seen as a strategic and timely initiative that will accelerate export growth, boost investor confidence and reinforce India’s presence in the global gems and jewellery value chain.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.