India ships first ₹27-crore jewellery consignment to UK duty-free as FTA takes effect
The India-UK FTA effective July 15 eliminates UK import duty on Indian jewellery, delivering a ~2% cost edge. Six Kolkata jewellers—including Jais Jewellery, Modern Impex and L Gopal & Sons—shipped the first ₹27-crore batch. GJEPC projects $2.5B export growth in three years into the UK's $4B market.
India-UK FTA effective July 15 eliminates UK import duty on Indian jewellery. Six Kolkata jewellers shipped first ₹27-crore consignment. GJEPC expects $2.5B export growth over three years into UK's $4B market.