…and money goes to buyer class!

Favorable policies

that will benefit our buyer

GJ Industry gear ups to focus buyer!

Gem-n-Jewellery (GJ) industry was too learned the massage of the interim budget 2019-20. No doubt it is not a full budget this is just a part of the long vision and post election the government on the day would manage in to full with the help of given road map now.

Yet the budget created an impression that money goes to villages and spread amid people in general. In the response of the pronounced budget Mr Snehal Choksey, Director, Shobha Shringar Jewellers said “being an election budget, it was very much on the expected lines, though the industry was expecting relief on duties. However, overall budget was very common man and farmer friendly.”

Mr Shreyansh Kapoor, Vice President, Kashi Jewellers said, “the Interim Budget FY 19-20 came out very positive for SMEs, farming communities and taxpaying middle class. Hopefully, the gems and jewellery industry will see a positive impact as the budget has announced some favorable policies that will benefit our buyer.

The extra disposable income will prove beneficial to the luxury retail industry. Encouragement to the infrastructure is also a great vision for overall industry growth as it will connect more and more customers with us especially buyers from tier2 and tier 3 cities. Along with the infrastructure, ‘connectivity via waterways’ is a very positive announcement.

It will help businesses to connect through various cities from other regions as well, which were difficult to commute earlier. Overall the budget has come out very well and we are hoping for the positive effects of the same on the Gems and Jewellery industry.”

“The Budget brings with it Ache Din in my opinion. With farmers given INR.6000 per annum it will help them buy better raw material which will lead to a better yield which will obviously lead to a better disposable income for them. We cater to the agricultural market majorly and therefore it will impact on sales positively. Relief in income tax slab will also result in higher disposable income for individuals', said Vaibhav Saraf, Director-Aisshpra Gems & Jewels!”

By learning these vibrant GJ players’ feedback-n-reactions on budget, the massage is to focus on tier II & III cities-n-towns, focus villages and show presence around people in general.