Officials from Transguard & GJEPC at deal signing ceremony
Transguard, UAE’s largest security service provider and part of the Emirates Group, has signed an exclusive deal with the Gem and Jewellery Export Promotion Council of India (GJEPC), the autonomous, apex body of the industry, to provide end-to-end logistics support, from round-the-clock transportation and door-to-door services to vault management and the safe storage of diamonds and jewelry.
The division routinely and securely transports billions of dollars worth of gems, jewelry, cash and other valuables in a year.
India’s gems and jewelry exports to the UAE have surged in the past year, thanks to the Comprehensive Economic Partnership Agreement (CEPA) between the two countries, and there’s no one better to protect these precious and priceless items than Transguard. Transguard is the most trusted security and facilities management team in the country.
GJEPC has set up its first international office, the India Jewellery Exposition (IJEX) center, in the historic Dubai Gold Souk in Deira. Here, its members will use the space to exhibit and showcase the rarest and finest gems and jewels India has to offer. Transguard will ensure unparalleled logistics and management, including the safe check-in and check-out process of gems and jewelry.
Mr. Sabyasachi Ray Executive Director GJEPC
“We were seeking a strong and dependable partner in Dubai to offer the logistics services to our members exhibiting at India Jewellery Exposition (IJEX) Center. Transguard was the obvious choice, being a Dubai Government entity that is renowned in the UAE as a reliable provider of business support and outsourcing services.”
Mr. Rabie Atie, Senior Vice President Transguard said that “We have built a robust reputation for providing efficient, risk-free, safe and secure services that lead to a stress-free customer experience. We’re extremely proud of being involved with the very first shipment that arrived in Dubai under the CEPA agreement. Our partnership with GJEPC is a bellwether of the larger and growing India-UAE trade ties, which will further boost both economies.”
As part of the agreement, Transguard will fully insure all exhibitors’ products stored in the vault. The team is expected to handle diamonds, jewelry and gems worth around $27.2 million this year, with exponential growth predicted in the next three years as trade between India and Dubai continues to boom. India’s gems and jewelry exports to the UAE grew by a whopping 16.54 percent to $5.77 billion in 2022-23.
Exhibitors visiting Dubai can expect a seamless Customs process. Through Transguard’s unique arrangement with Dubai Customs, duty and VAT will be collected, only on sold items, at the end of the exhibition.
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