DGFT Chennai Flags Off First Gem and Jewellery Consignment to New Zealand Under New FTA

Chennai:

Port Wings News Network:

The office of the Directorate General of Foreign Trade (DGFT), Chennai, flagged off a major consignment of gems and jewellery to New Zealand, ahead of the India–New Zealand Free Trade Agreement (FTA) coming into force on 20 October, 2026.

Rajalakshmi Devaraj, Additional DGFT, formally flagged off the inaugural shipment, valued at Rs. 63,78,753, manufactured by M/s. Emerald Jewel Industry India Limited. Representatives from the Gem and Jewellery Export Promotion Council (GJEPC) and key industry stakeholders participated in the event.

Speaking on the occasion, Diaan Sakthi Sreenivasan, Whole-time Director, Business Development, Emerald Jewel Industry India Limited, highlighted the enhanced trade opportunities and competitive edge the new tariff preferences under the FTA will provide to the domestic gem and jewellery sector in expanded international markets.