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Indian jeweler wants to produce in Armenia to export in US

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Indian jeweler wants to produce in Armenia to export in US

Opening up production in Armenia will make it easier to export to the US and Europe, Mr Darshan Shah, director of Indian Gopaldaas Jewellers (based in Dubai), told Armenian News – NEWS.am.

Armenia has GSP+ trade agreements both with US and EU, which allows exporting at zero or low rate customs duties. Those agreements apply to a number of goods, including jewelry.

When it comes to production, artisanal skills of Armenian jewelers are high and comparable to their peers in India, he said.

“There is a huge potential of fantastic handcraft. And the cost of production is similar, if not the same, as in India”, the director noted.

Now Mr Sha...

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