India’s gems and jewelry exports to the UAE have surged up to now yr, because of the Complete Financial Partnership Settlement (CEPA) between the 2 international locations, and there’s nobody higher to guard these treasured and priceless objects than Transguard. A part of the Emirates Group, award-winning Transguard is probably the most trusted safety and amenities administration crew within the nation.
Transguard has not too long ago signed an unique cope with the Gem and Jewelry Export Promotion Council of India (GJEPC), the autonomous, apex physique of the business with greater than 9,000 members. With this deal, Transguard will present end-to-end logistics help – from round the clock transportation and door-to-door providers to vault administration and the protected storage of diamonds and jewelry. The division routinely and securely transports billions of {dollars}’ price of gems, jewelry, money and different valuables in a yr.
GPJEC has arrange its first worldwide workplace, the India Jewelry Exposition (IJEX) centre, within the historic Dubai Gold Souk in Deira. Right here, its members will use the area to exhibit and showcase the rarest and most interesting gems and jewels India has to supply. Transguard will guarantee unparalleled logistics and administration, together with the protected check-in and check-out technique of gems and jewelry.
As a part of the settlement, Transguard will totally insure all exhibitors’ merchandise saved within the vault. The crew is predicted to deal with diamonds, jewelry and gems price round AED 100 million this yr, with exponential development predicted within the subsequent three years as commerce between India and Dubai continues to increase. India’s gems and jewelry exports to the UAE grew by a whopping 16.54% to US$ 5.77 billion in 2022-23.
Exhibitors visiting Dubai can count on a seamless Customs course of. Via Transguard’s distinctive association with Dubai Customs, obligation and VAT might be collected, solely on bought objects, on the finish of the exhibition.
Rabie Atie, Senior Vice President Transguard mentioned: “We’ve constructed a strong repute for offering environment friendly, risk-free, protected and safe providers that result in a stress-free buyer expertise. We’re extraordinarily pleased with being concerned with the very first cargo that arrived in Dubai underneath the CEPA settlement. Our partnership with GJEPC is a bellwether of the bigger and rising India-UAE commerce ties, which can additional increase each economies.”
Sabyasachi Ray, Govt Director of the Gem & Jewelry Export Promotion Council of India, mentioned: “We have been in search of a robust and reliable accomplice in Dubai to supply the logistics providers to our members exhibiting at India Jewelry Exposition (IJEX) Heart. Transguard was the plain selection, being a Dubai Authorities entity who’s famend within the UAE as a dependable supplier of enterprise help and outsourcing providers.
“The IJEX Centre is an important initiative that seeks to capitalize on the benefits of the Complete Financial Partnership Settlement (CEPA) between India and the UAE. The pact has opened up quite a few prospects to reinforce commerce between the 2 nations. Particularly, it has been extremely helpful for the Indian jewelry sector, leading to multi-fold enhance in plain gold jewelry exports to the Center East. By teaming up with Transguard, IJEX goals to make sure our members have full confidence within the logistics help course of.”
About Transguard
Established in 2001, Transguard is a division of the Emirates Group. Its complete vary of logistics providers embody customs clearance, freight forwarding, secured storage, secured transportation, worldwide jewelry exhibitions, guarding, escorting and monitoring providers, money processing, ATM administration, cash-in-transit and floor dealing with actions.
Transguard gives extremely safe transportation of precious commodities comparable to diplomatic mail, financial institution notes, diamonds, jewelry, and treasured metals to over 140 locations throughout the globe. It’s the solely company authorised by Dubai Civil Aviation Authority to escort and deal with precious cargo that passes by way of the airport. The state-of-the-art valuables cargo terminal at DXB, a primary of its variety on this planet, is totally manned and managed by Transguard.
Transguard is the UAE’s most trusted enterprise help and outsourcing supplier and has a big, dynamic and culturally various workforce, numbering in extra of 61,000 individuals. For extra data on the Transguard Group, please click on right here.
About The Gem and Jewelry Export Promotion Council (GJEPC)
The Gem and Jewelry Export Promotion Council (GJEPC), arrange by the Ministry of Commerce, Authorities of India (GoI) in 1966, is one among a number of Export Promotion Councils (EPCs) launched by the Indian Authorities, to spice up the nation’s export thrust, when India’s post-Independence economic system started making forays within the worldwide markets.
Since 1998, the GJEPC has been granted autonomous standing. The GJEPC is the apex physique of the gems and jewelry business and right now represents greater than 9,000 members within the sector. With headquarters in Mumbai, GJEPC has regional places of work in New Delhi, Kolkata, Chennai, Surat and Jaipur, all of that are main centres for the business. It thus has a large attain and is ready to have a better interplay with members to serve them in a direct and extra significant method.
Over the previous a long time, GJEPC has emerged as probably the most lively EPCs and has constantly strived to each develop its attain and depth in its promotional actions in addition to widen and enhance providers to its members. For extra data on the Gem and Jewelry Export Promotion Council (GJEPC), please click on right here.
Observe Emirates 24|7 on Google Information.
