The Gem & Jewellery Export Promotion Council (GJEPC) has applauded the Union Cabinet’s approval of the Export Promotion Mission (EPM) — a landmark initiative with an outlay of Rs 25,060 crore for FY 2025–26 to FY 2030–31 aimed at transforming India’s export ecosystem.

The Council expressed its gratitude to the Prime Minister, Narendra Modi, Finance Minister, Nirmala Sitharaman, and Minister of Commerce & Industry, Piyush Goyal, for recognising the gem and jewellery sector as a priority industry under the ambitious Mission.

GJEPC Chairman Kirit Bhansali said, “This bold and visionary initiative comes at a pivotal time as the industry navigates global headwinds. The EPM will significantly enhance ease of doing business and strengthen India’s gem and jewellery export competitiveness.”

Key Boost: Collateral-Free Credit & Interest Support

A major highlight is the Credit Guarantee Scheme for Exporters (CGSE), offering:

- Rs 20,000 crore of collateral-free credit,
- 100% government guarantee,
- via the National Credit Guarantee Trustee Company Limited,
- along with interest subvention.

These measures are expected to be transformational for the sector, where over 85% of businesses are MSMEs, operating in a highly capital-intensive environment. The scheme will unlock easier access to affordable finance and improve sectoral liquidity.

Support for Global Expansion through Trade Fair Grants

The EPM also provisions grants to support exporters’ participation in international trade fairs, enabling:

- market diversification into new destinations,
- deeper penetration into established global hubs,
- opportunities for small exporters to gain visibility and global linkages.

Advancing the $ 100 Billion Export Vision

Bhansali emphasised that the Mission will be instrumental in driving the industry toward its long-term goal, “The Export Promotion Mission will accelerate our vision of achieving $100 billion in gem and jewellery exports by 2047, contributing meaningfully to the Government’s vision of Viksit Bharat @2047.”
The GJEPC said it looks forward to close collaboration with the government to translate this support into higher exports, increased value addition, and improved employment generation.

Integrated Approach Under Niryat Protsahan & Niryat Disha

The Mission’s comprehensive framework — combining financial and non-financial interventions — underscores the government’s aim to build a resilient, technology-driven, export-ready ecosystem.
The industry is set to benefit from:

- compliance and certification support,
- branding and marketing assistance,
- export logistics support,
- global market development programmes.

This will particularly strengthen MSMEs, enabling them to scale up, modernise, and expand their global footprint.

A Sector of National Importance

The gem and jewellery sector is one of India’s most labour-intensive industries:

- employing over 4.3 million people,
- contributing 6.8% of India’s total merchandise exports.

With enhanced access to affordable finance, marketing support, and global outreach under the EPM, Indian jewellers are poised to deepen their presence in new and emerging international markets.