Indian exporters are urging the government to allocate Rs 750 crore over three years to capitalise on a $25 billion export potential in the US, as evolving trade dynamics create new opportunities

The Gem and Jewellery Export Promotion Council (GJEPC) recently hosted an interactive session with leading bankers in Mumbai on October 17, focusing on the current industry outlook and exploring new opportunities for collaboration with financial institutions

The recommendations regarding Foreign Trade Policy are expected to make India a repairing hub of jewellery in the world

• * GJEPC Seeks Support From Govt To Continue Momentum Of Gem & Jewellery Exports 
• * Achieved Over The Last Few Months
• * International markets are open and demand for G&J has started to come back
• * However domestic challenges due to Covid-19 second wave are hurdles in first half of the year

GJEPC is seeking further assistance from the Government of India to tide over the challenges arising from the outbreak of the deadly second wave of Covid-19 in India

State Bank of India is pushing for bringing about uniformity in its lending practices to the gems and jewellery sector

Govt proposed import duty on rough colored gemstones from Nil to 0.5 percent. Move to impact the 4 lakh workers in Rajasthan, the hub of processing and cutting of colored gem stones.

To promote domestic manufacturing and cut imports, there is a plan for strict implementation of rules of origin criteria to check diversion of imports via free-trade agreement countries

Bank finance, currently applicable for pre- and post-shipment of goods, will be covered by the Export Credit Guarantee Corporation (ECGC)

GJEPC has asked for a reduction in import duty on Cut and Polished Diamonds & Precious and Semi-Precious Gemstones from 7.5% to 2.5% and on Gold from 10% to 4%

The paper will aim to address critical banking issues like assessment of credit limit, collateral security, related party transactions, inventory avluation , subsidiary financing guidelines and more.

'The Almighty is the only true designer, we only take inspirations from his divine creations' – states Biren Vaidya, MD & Creative Soul –The House of Rose

The collection encapsulates this glamorous art form at its best using figurative representation of Persian, Oriental & architectural motifs distilled in rudimentary geometric essence and sharply defined outlines yet adding the hints of Indian glints.

A Meet to explore new opportunities and establish direct links amongst Indian and China.