New Delhi, Jan. 28 -- The recently signed India-European Union Free Trade Agreement (FTA) is expected to provide a timely boost to India's gem and jewellery sector, particularly for key export hubs in Gujarat, Rajasthan, Maharashtra, and West Bengal, the Gem and Jewellery Export Promotion Council (GJEPC) said on Tuesday.

Market Diversification and Trade Growth

Kirit Bhansali, Chairman of GJEPC, described the pact as the 'mother of all trade deals' and said, "The India-EU FTA will supercharge market diversification for the gem and jewellery industry." The FTA is projected to double bilateral trade with the EU to Rs 91,000 crore within three years, providing zero-duty access to one of the world's largest consumer markets, reported BL.

Bh...