GJ Town India

GJEPC hosts well at Bharat Ratnam Mega CFC   GJEPC welcomed high-ranking government officials to the state-of-the-art Bharat Ratnam Mega Common Facility Centre (CFC) in SEEPZ, Mumbai, on 13th September 2024.    The honoured guests included Sunil Barthwal, Commerce Secretary, Ministry of Commerce & Industry; Santosh Sarangi, Director General of Foreign Trade; and Rajesh Agrawal, Additional Secretary, Ministry of Commerce and Industry. They were welcomed by Kirit Bhansali, Vice Chairman, GJEPC; Dnyaneshwar B. Patil, IAS, Development Commissioner, SEEPZ-SEZ; and C.P.S. Chauhan, IRS, Joint Development Commissioner, SEEPZ; Colin Shah, Head of the Working Group, Bharat Ratnam Mega CFC; and Sabyasachi Ray, Executive Director, GJEPC.    The Mega CFC in SEEPZ, a project spearheaded by Hon’ble Minister of Commerce & Industry, Piyush Goyal, offers advanced technology to support MSMEs in the gem and jewellery (GJ) industry, offering world-class design, manufacturing, and training s

2 nd batch of 40 Under 40 hosted in the IIJS Premiere arena!   In the dome of the IIJS Premier 2024, the GJEPC accredited the young talents of the Gem & Jewellery (GJ) industry and trade in the event of 40 Under 40.     40 Young and bright talents of the gem and jewellery industry were awarded at 40 under 40 in the 40th edition of IIJS Premiere. This was the second batch of 40 under 40. The initiative recognises the outstanding achievements of these young talents who are revolutionizing the gem and jewellery landscape through technological innovations and dynamic visions.  

Committed to pursuing artistic craft’s excellence   Reaction of Gem & Jewellery (GJ) Industry and Trade on the Union Budget 2024-2025 that presented by Minister of Finance and Corporate Affairs Smt Nirmala Sitharaman!   1: Sumit Dassani, Partner at Dassani Brothers:   “The latest Union Budget brings promising changes for the jewelry sector, and as Dassani Brothers, we are particularly enthusiastic about the reduction in customs duty on gold and silver to 6%. This pivotal move will make these precious metals more accessible, driving increased demand and allowing us to offer our clients even greater value. We are committed to pursuing artistic excellence and technical perfection in our creations, and this policy change aligns perfectly with our mission. Lower costs will enhance our ability to provide competitive pricing while continuing to deliver intricate and magnificent adornments that celebrate life’s key moments.    This development not only promises to boost our sa

Vipul Shah attends Hon'ble FM's Consultation Meeting!   GJEPC Chairman Vipul Shah presented key recommendations for the gem & jewellery trade at the pre-budget meeting with Union Finance Minister Nirmala Sitharaman.    Vipul Shah, Chairman of GJEPC, said, “The Indian gems and jewellery industry contributes around 10% to India’s total merchandise exports. However, the industry is currently facing some challenges due to the geopolitical scenario, the emergence of the beneficiation scheme, and issues related to rough diamond sourcing.   Against the backdrop of the macroeconomic scenario, I urge the government to take measures to revive exports in this sector. I request the Hon’ble Finance Minister to introduce a Safe Harbour rule in SNZs, introduce the Diamond Imprest License, and reduce the import duty on gold, silver, and platinum bars to 4%; and introduce duty drawback on exports of platinum Jewellery to take advantage of India UAE CEPA. These measures are crucial to