UAE-India Gems-Jewelry Trade Spotlighted at Vibrant Gujarat Summit
Ahead of the commencement of the Vibrant Gujarat Summit (VGS) in Gandhinagar on January 10, the 'Country Seminar' concerning commerce between the UAE and India emphasizes the significance of jewels.
Since its inception in 2003, the biennial Vibrant Gujarat Summit has grown into a key global platform, fostering strategic business partnerships, promoting inclusive growth, and facilitating knowledge exchange.
Expanding the Focus Areas:
Beyond gems and jewelry, the Country Seminar aims to illuminate aspects of trade finance, investment facilitation, and start-up opportunities within the UAE-India trade landscape. The Gujarat government has curated an impressive lineup of participants representing various sectors, including government, trade, industry, technology, and specialized businesses.
Notable delegation leadership:
Guiding the delegation is Piyush Goyal, India’s Minister for Commerce and Industry. Alongside him, figures like Rajesh Kumar Singh, Secretary of the Department for Promotion of Industry and Internal Trade; Harsha Bangari, Managing Director of EXIM Bank; and Nivruti Rai, Managing Director and CEO of Invest India, bring their insights to the forefront.
Gems and Jewelry Emphasis:
The spotlight on gems and jewelry finds its rationale in Surat, Gujarat, recognized as the world's largest diamond trading hub. Home to the Surat Diamond Bourse, the globe's largest office building, Surat is a focal point for discussions on the future of the gems and jewelry trade with the UAE. Vipul Bansal, Joint Secretary in India’s Department of Commerce, will spearhead these discussions.
Strategic Role of Gift City:
Integral to the Country Seminar is Tapan Ray, Group CEO of GIFT City (Gujarat International Finance Tech-City) in Gandhinagar. GIFT City, promoted by the state government, stands as an international financial services center aligning with Gujarat's vision for economic development and global financial prominence.
Anticipating Collaborative Outcomes:
As the summit unfolds, the Country Seminar foresees fostering constructive dialogues, collaborations, and opportunities to propel the bilateral trade relationship between the UAE and India to new heights.