GJ Town India

CPD exports slides 49.68% in 1Q Silver is the new silver line In the basket of GJ export India! According to the recent figures announced by the Gem & Jewellery Export Promotion Council (GJEPC), overall gross exports of Gems & Jewellery (GJ) is showing a decline of 34.72% to US$ 1647.49 million during the month of June 2020 as compared to US$ 2523.74 million in June 2019. Overall export performance during the first quarter of FY 2020-21 gross exports of Gems & Jewellery declined. Overall export dropped by 54.79% to US$ 2.75 bn during the April 2020 to June 2020, over the US$ 6.07 bn during the same period of last year, the first quarter. Cut and Polished Diamond (CPD) exports fallen by 46.91% in the month of June 2020 to US$ 898.32 mn as compared to US$ 1692.18 mn in June 2019.  This drop is being seen wider while looking at the quarter term. CPD exports for the period of April 2020 to June 2020 registered a drop of 49.68% to US$ 1801.71 mn co

GJEPC said in a statement, Not helpful to G&J exporters! In a measure to support the MSMEs to fight the rock-hard scenario of Covid-19, the Union Cabinet, chaired by Prime Minister Shri Narendra Modi met on Monday, 1st June 2020. This was the first meeting of the Union Cabinet after the Central Government entered into its second year in office. During the meeting, historic decisions were taken that will have a transformative impact on the lives of India’s hardworking farmers, MSME sector and those working as street vendors. In an attempt to EoDB, Micro, small and Medium Enterprises popularly called as MSMEs are the backbone of Indian economy. Silently operating in different areas across the country, more than 6 crore MSMEs have a crucial role to play in building a stronger and self-reliant India. In the aftermath of Covid-19 pandemic, the ministries were quick to recognise the role of MSMEs in building the Nation. That is why MSMEs formed a very prominent part o