DUBAI, 12th May, 2020 (WAM) — Transguard, a subsidiary of the Emirates Group, has signed an exclusive agreement with the Gem and Jewelery Export Promotion Council of India (GJEPC), an independent body with more than 9,000 members.
Under this agreement, Transguard provides comprehensive logistical support, from round-the-clock transportation and door-to-door services to safekeeping and safe storage of diamonds and jewellery.
This comes in light of the rise in India’s exports of precious stones and jewelry to the UAE last year thanks to the Comprehensive Economic Partnership Agreement (CEPA) between the two countries. Transguard, a subsidiary of the Emirates Group, handles the transportation and guarding of these precious goods.
The Gems and Jewelery Export Promotion Council of India established its first international office, the Indian Jewelery Exhibition Center (IJEX), in the historic gold market in Dubai. The members of the Council use it to display the rarest and finest gems and jewels that India has to offer.
Transguard guarantees perfect logistics and management services, including a safe check-in and check-out process for gemstones and jewellery.. Under the agreement, it insures all exhibitors’ products.--
This year, her team is expected to deal with diamonds, jewelry and precious stones worth approximately 100 million dirhams, with expectations of tremendous growth in the next three years thanks to the continued booming trade between India and Dubai.
India’s exports of precious stones and jewelry to the UAE in 2022/2023 grew by 16.54 percent, reaching $5.77 billion (approximately 21.2 billion UAE dirhams).
“Over the years, we have built a strong reputation for providing efficient, secure, risk-free services and a seamless customer experience,” said Rabih Attia, senior vice president of Transguard. He expressed his pride in serving the first shipment that arrived in Dubai from India under our agreement with the Gems and Jewelery Export Promotion Council, which will enhance the strong and growing trade relations between India and the United Arab Emirates and the economies of the two countries as well.
For his part, Sabyasachi Ray, Executive Director of the Jewelery and Gemstone Export Promotion Council, said: “We are looking for a strong and reliable partner in Dubai to provide logistical services to our members who are exhibiting at the Indian Jewelery Show, and we found Trans Jade the perfect choice as it is a well-known entity in the UAE as a reliable provider.” Business support and outsourcing services.