The RBI ban on Letter of Undertaking (LoU) as a trade finance instrument, will not have much impact on the gems and jewellery industry in West Bengal, but a hike in bank's credit margin may hurt the business, a GJEPC official said.
Third CFC in Gujarat is to be made operational by GJEPC after Visnagar, Palanpur
The GJEPC, the apex council for the gems & jewellery industry releases a statement on PNB fraud; whille expressing its faith in the Indian banking system, the statement also places onus on the banking system for having neglected an irregularity of this magnitude for such a long period.
The proposed Jewellery Park will be established in Navi Mumbai. An MoU to this effect was signed between GJEPC & MIDC at the ongoing Convergence, ‘Magnetic
She has over 20 years of experience spread across Marketing, Operations and Communications.
Nominations for Vice Chairman & Chairman have been received and the voting process will commence in January.
Gems and jewellery export decreased 8.12 per cent to USD 13.5 billion during April- August this year, data from the GJEPC showed.
GJEPC raising its concern over GST on Diamonds mentioned in a release that the move would cause a set-back to the export oriented diamond industry.
Higher demand in the Middle-East and South-East Asia could help India’s gems and jewellery export grow this fiscal to about USD 42 billion.
Post deliberation, the Council proposes to conduct IIJW between 24th to 27th July, 2017 at Hotel Grand Hyatt, Mumbai.
A step towards fulfilling Prime Minister’s dream of ‘Skill India’; GJEPC to set up IIGJ in Varanasi