The Gem & Jewellery Export Promotion Council (GJEPC) has urged the Reserve Bank of India (RBI) to introduce measures aimed at easing banking norms for the gem and jewellery industry, with a focus on improving liquidity and supporting export growth.

The Council highlighted that exporters are facing prolonged payment realization cycles and increased financing pressures amid evolving global market conditions. It has called for regulatory support to ensure that businesses, particularly export-oriented enterprises, have access to adequate working capital and flexible banking facilities.

Among the key recommendations, GJEPC has sought relaxation in export credit and banking norms, along with measures that would better align financing timelines with the longer payment cycles experienced in international trade. The Council also advocated for policies that would reduce funding constraints and strengthen the sector’s competitiveness in overseas markets.

According to GJEPC, the gem and jewellery industry remains capital-intensive and relies heavily on timely access to finance to maintain production, fulfil export orders and manage cash flows. It noted that easing banking regulations could help exporters navigate current market conditions while sustaining business continuity.

The industry body has been engaging with policymakers and financial institutions on issues affecting exporters, including access to credit, export finance and regulatory compliance. Its latest representation to the RBI forms part of broader efforts to address structural challenges faced by the sector and facilitate smoother trade operations.

GJEPC has maintained that a supportive financial framework would enable Indian exporters to respond more effectively to global demand and reinforce the country’s position in international gem and jewellery markets. The Council continues to advocate policy measures that improve ease of doing business and support long-term export growth for the industry.