“I also congratulate Shri Piyush Goyal, who has been
appointed as the Union Minister for Commerce and Industry and Minister of
Railways. Shri Piyush Goyal has been pivotal to the growth of Gem &
Jewellery sector . He aided the industry sail through enumerable impediments in
the last few years. The industry is extremely fortunate to have an experienced
and accomplished person at the helm of MOC & I. Indian gem & jewellery trade is
enthused with dynamic optimism to work under him. I am confident that under his
able leadership and guidance G & J sector will achieve its objective of
touching USD 60 billion exports and 6 million employment by the year 2022. The
entire gem and jewellery industry looks forward to work with you and contribute
immensely to Hon’ble PM Shri Narendra Modi’s vision of building New
Congratulating the Finance Minister
Smt. Nirmala Sitharaman, Mr. Agrawal said, “we are really fortunate to have
a personality with such vast experience and knowledge as the Finance Minister.
Formerly, in her capacity as Hon’ble Minister of State (IC) for Commerce &
Industry, Smt. Nirmala Sitharaman had taken a host of initiatives and played an
important role in guiding the gem and jewellery industry to scale new heights.
The industry is also happy to get such a strong and accomplished Finance
Minister of the country. The industry looks forward to work with you to create
a conducive environment for the business to flourish in India”.
India’s gem & jewellery business is amongst the Top 3
employers of people and GJEPC seeks Government’s support to add new jobs and generate
direct and indirect employment. The Council shall 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 exporter & entrepreneurs
– majority of who belong to the MSME category.
GJEPC will be working with the Govt. to address the following
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
Gem & Jewellery is a labor-intensive sector. For further growth of
employment in the sector the Council would call for offering similar kind
of package to our sector as it is provided to textile & leather
is a need for ease of financing to the sector for increasing exports.
of Baba Kalyani report to increase exports for SEZs.
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 Govt.
introduction of Gold Policy as announced in last budget should be a
priority for this new Govt.
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.
GJEPC’s initiative aims at
making India a global gem & jewellery manufacturing hub by promoting local
artisans and indigenous design & production. GJEPC has already set up CFCs
in Visnagar, Palanpur, Amreli and Junagadh in Gujarat. GJEPC has plans to set
up CFCs in Delhi, Kolkata, Jaipur & Hyderabad by 2019-2020. The
Council will work closely with all Government Ministries and bodies and units
to ensure smooth and seamless conduct of business and betterment of this