Work hard and you will find success

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GJEPC welcomes Indian Finance Minister’s announcement to boost exports

17 september 2019

gjepc_logo_news.pngIn a Board of Trade meeting on 12th September, The Gem & Jewellery Export Promotion Council (GJEPC) Chairman Pramod Agrawal had urged several key policy recommendations to the Indian government. In a major relief to the Gem and Jewellery industry, the Hon’ble Finance Minister Smt. Nirmala Sitharaman has announced measures to boost exports from the country.
Pramod Kumar Agrawal, Chairman, GJEPC said: “With great pleasure, I would like to thank and acknowledge the positive announcements made by the Hon’ble Finance Minister. I am glad that the government has understood the concerns of the gem & jewellery sector, and have come up with various measures to boost exports and facilitate trade. G & J sector is currently under pressure from the credit crunch and blockage of capital. Expansion of scope of ECIS by ECGC to banks lending to exports is an encouraging step towards resolving the financial woes of the sector. Reimbursement of Taxes and Duties for Export Promotion is an encouraging step towards ease of doing business and the step towards expediting export shipments will enhance sectoral exports. Earlier too Govt. has come up with circulars resolving key issues of IGST payment and Replenishment scheme for gems and jewellery sector. I am sure that today’s announcement will provide further relief to the g&j export industry. We are thankful to Hon’ble Finance Minister Smt. Nirmala Sitharaman for the measures taken to boost exports from the sector.”
“Shri Piyush Goyal, Hon’ble Minister of Commerce & Industry, has been very proactive and supportive to the industry. He is concerned about the sector and has been taking several measures to facilitate ease of doing business. His leadership and guided direction have aided G & J sector across several policy assistances in recent times”, Agrawal added.

Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough & Polished