Chandigarh, May 29, 2021: The Gem & Jewellery Export Promotion Council (GJEPC) and Embassy of India, Morocco, jointly organised the India Global Connect on 20th May, 2021. The objective of the meet was to understand the current business scenario with regard to the gem and jewellery sector and have discussions among manufacturers, exporters and importers of both the countries, and initiate a dialogue, explore trade opportunities and project India as a viable sourcing destination.

Morocco is India’s second-largest trade partner from the North African region. Currently, Moroccan global gem and jewellery imports amount to $122 million annually, of which India’s share is $2 million.

Gracing the occasion along with other dignitaries, were His ExcellencyMr. Rajesh Vaishnaw, Indian Ambassador to Kingdom of Morocco; Suresh Kumar, Joint Secretary, MoC&I, Govt. of India; AbderrahimBelkhayat, Regional Director of the Ministry of Artisans, Morocco; G.K. Pant, First Secretary (Commerce), Embassy of India, Morocco; Khalid Rahil, Director of Heritage preservation and El HazzazDriss, President of Morocco Jewellers Federation and Colin Shah, Chairman, GJEPC.

His Excellency Rajesh Vaishnaw, Indian Ambassador to Kingdom of Morocco, said, “India has been adding modern techniques with traditional know-how to bring it more in tune with the global market. Similarly, Morocco has been a jewellery powerhouse for many years, and the combination of low-cost and highly skilled workforce has made it a hub for the jewellery trade. Both countries can benefit tremendously by cooperating, collaborating, and exchanging ideas and expertise. Today’s webinar is a first step towards the same.”

Suresh Kumar, Joint Secretary, MoC&I, commented, “India Global Connect with Morocco should explore new avenues of trade and also try to understand consumer preferences to enhance the trade between the two countries. India and Morocco have enjoyed cordial and friendly relations and over the years the bilateral relations have witnessed significant depth and growth. However, the gem and jewellery trade between the two countries is insignificant, and we should work together to achieve $150 million trade in this sector.”

Colin Shah, Chairman, GJEPC said, “Exports/imports of gems and jewellery between the two countries is negligible and needs to be increased, which can enable India and Morocco in further developing their businesses and economy in terms of production, employment, new methods, techniques, etc. We should collaborate for skilling/training. I am happy that we had a very insightful and meaningful discussion today.”

The bilateral trade between the two countries amounts to $2 billion and if the potential synergies are tapped through cooperation, the scope for growth could be tremendous.

Mansukh Kothari, Conener, Events, GJEPC added, “For any trade to flourish, it is important that there is constant engagement between manufacturers and buyers. Considering the current scenario, a series of Buyer-Seller meets and interaction through virtual platforms should be explored. I welcome Moroccan traders to visit our flagship shows IIJS Premiere and IIJS Signature, where they can engage with manufacturers for fulfilling their sourcing needs.”