Summary:

To boost bilateral trade, India's gem and jewellery industry signed several memorandums of understanding with Thailand's jewellery trade. India's exports to Thailand account for 15% of the country's total gem and jewellery imports, and India is among the top ten exporters to Thailand. However, India's overall gem and jewellery exports in FY25 declined by 12.11%.

The Gems and Jewellery Research and Laboratories Centre (IIGJ-RLC) signed a Memorandum of Understanding with the Gem and Jewellery Institute of Thailand (GIT), a government entity. Another Memorandum of Understanding was signed between the Jewellers Association Jaipur and the Chanthaburi Gem and Jewellery Traders Association, and a third between the Sitapura Gems and Jewellery Industry Association (SGJIA) and the Thai Silver Exporters Association. These collaborations aim to enhance standardisation, innovation, and market expansion.

Source: IBEF

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