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Gems and jewellery exports recover to US$ 1764.06 million in Aug 2020

MUMBAI: The gems and jewellery exports have shown signs of recovery and has registered at US$ 1764.06 million in August 2020, as compared to US$ 36 Million in April 2020. The recovery is due to growth in demand for diamonds and jewellery in international markets like US, China, Europe etc which have opened for trade.  However, as compared with a year on year comparison, gross exports at US$ 1764.06 Million in August 2020 is showing decline of 41.55 per cent, as compared to gross exports of US$ 3018.32 in August 2019.  Commenting on the export number, Colin Shah, chairperson, The Gem and Jewellery Export Promotion Council said, “We are optimistic of the near and long term, as several countries are now open for trade. We have witnessed initial signs of recovery from markets like the US, China, Europe and the export orders have seen a steady rise month on month over the last 4-5 months. From US$ 36 million worth of exports in April 2020, the export numbers have recorded US$ 1764.06 million in August 2020, which is a healthy recovery. All the gems and jewellery export units are working in full swing and the trade is getting back to normalcy. We are hopeful that we will be able to restrict the downside of exports to just over 20-25 percent at the closure of the fiscal year, as compared with previous year exports.” NT

Indian Oil commences 15 days ‘check and fill’ drive

PANAJI: In order to reassure our customers about quality  and quantity of petrol and diesel being sold at retail outlets all across the state of Goa, Indian Oil has commenced a 15 days Check and Fill campaign. The campaign will be run at all 31 retail outlets which are fully automated. It will be operated initially upto September 25, 2020 and further extended on the basis of feedback. During the campaign customers can do following checks with the assistance/demonstration by a designated quality assurance attendant. Customers will be invited to check the quality of petrol at retail outlet by carrying out filter paper test. Customers will be informed about density checks themselves if they so desire. Customers will be invited to check the quantity dispensed through DUs by checking with a calibrated 5 litre measure stamped by Weights and Measures Department. Keeping in view of the current COVID-19 situation, customer will have the option to get the checks demonstrated by a designated Quality Assurance attendant or do it themselves. In case customer volunteers do it himself/herself, a protective kit with sanitizer/mask /disposable hand gloves will be provided. Customers carrying out the checks at the RO shall be incentivised by offering Q&Q. Bonus points for existing enrolled customers or complimentary enrolment into our Xtrarewards Loyalty programme.NT