Trump Tariff Troubles: GoI should allow reverse job work from SEEPZ, says Kirit Bhansali, Chairman, GJEPC
With the steep Trump tariffs now having come into play, the cutting, polishing, manufacturing and export hubs of India are facing severe problems, with joblessness and unit-closure a distinct possibility. The silver lining is that the GJEPC is hopeful of a solution, particularly in view of the advocacy efforts of its US counterparts, who are also working hard to impress upon the Trump administration that the high tariffs will have a deleterious effect on the US jewellery industry as well. In a free-wheeling conversation with Suneeta Kaul, Kirit Bhansali, Chairman, GJEPC, talks about the impact of the tariffs, the steps being taken to bring about some relief to the industry, its expectation from the government, and more.
DGFT Postpones Implementation of Revised Wastage Norms for Exports
In a move that brings relief to the gem and jewellery industry, the Directorate General of Foreign Trade (DGFT) has decided to postpone the implementation of revised wastage norms for exports. This decision follows advocacy efforts by the Gem & Jewellery Export Promotion Council (GJEPC), highlighting the potential adverse impact on small and medium-sized enterprises (MSMEs)
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