The Gems and Jewellery Export Promotion Council (GJEPC) has sought the Government’s support to facilitate gem & jewellery exporters and entrepreneurs, majority of whom belong to the Micro Small and Medium Enterprise (MSME) category.

The Council indicated that it would seek continued support from the Government for major constructive reforms on international trade policies, ease of doing business, domestic bank financing and manufacturing/technological impetus for the gem & jewellery exporters and entrepreneurs. Outlining its agenda, the GJEPC revealed that the sector needs easing of procedure in exports on part of Customs, GST and Taxation. This is acting as a great impediment to all export-intensive sectors.

Pointing out the measures that are required to boost the sector, GJEPC mentioned that there is a need for ease of financing to the sector for increasing exports; implementation of Baba Kalyani report to increase exports from SEZs. E-commerce, GST, Customs duty refund to foreign tourists against their purchase of gems and jewellery items in India is another issue for which GJEPC will talk with the Government, it added.

The introduction of Gold Policy as announced in last budget should be a priority for this new Government. GJEPC will work with the Government’s Skill India mission to upgrade the skills of existing workers by introducing them to modern technology through our world class schools.