GJ Town India

  U.S. tariffs continue to strain India’s gem & jewellery sector   Refer Update1: https://gjtownindia.blogspot.com/2025/09/gjepc-leadership-meets-fm-to-seek-relief.html     Update 2: The Gem & Jewellery Export Promotion Council (GJEPC) leadership, led by Chairman Kirit Bhansali, along with Vice Chairman Shaunak Parikh and Executive Director Sabyasachi Ray, met the Hon’ble Minister of Finance and Corporate Affairs Nirmala Sitharaman today to seek urgent relief measures for the gem and jewellery sector, which has been severely impacted by the recent 50% tariff imposed by the United States.    Speaking after the meeting, Bhansali said, "We are pleased that India–U.S. trade discussions have resumed, which is encouraging news. However, the process may take time, and until a resolution is achieved, it is essential to introduce relief measures to help the sector survive and sustain employment.    We have requested allowing SEZ un...

  Endeavour to include IJP in the harmonised infrastructure list   The leadership of the GJEPC met with the Finance Minister, Nirmala Sitharaman, to discuss pressing issues and the way forward for the gem and jewellery industry. The discussions focused on the inclusion of India Jewellery Park (IJP), Mumbai in the harmonised infrastructure list to accelerate industry growth.   In a detail of the IJP, it is known that then Chairman Gem & Jewellery Export Promotion Council (GJEPC), Vipul Shah had said, “The first-of-its-kind India Jewellery Park (IJP) Mumbai’s construction will commence this month.”   He said at the juncture of 17th IIJS Signature 2025. By adding Vipul Bhai said, “Phase 1 of India Jewellery Park Mumbai, including the A1, A2, and A3 buildings spanning approximately 9 lakh square feet will be ready for procession by December 2026. In the row, Deependra Singh Kushwah (IAS) Development Commissioner Industries Government of Maharashtra, sai...

By fostering dialogue Sanjay Kumar, focuses the Industry!   The leadership of the Gem and Jewellery Export Promotion Council (GJEPC) extended a warm welcome to Sanjay Kumar Agarwal, Chairman of the Central Board of Indirect Taxes & Customs (CBIC), along with Prachi Saroop, Chief Commissioner of Customs, and Harish Dharnia, Commissioner of Customs, Mumbai, at the GJEPC office in Mumbai. The meeting aimed to foster dialogue and address key challenges faced by the gem and jewellery industry.    Representing GJEPC were Vipul Shah, Chairman; Kirit Bhansali, Vice Chairman; Ajesh Mehta, Convener, Diamond Panel; Shaunak Parikh, Convener, Banking Insurance & Taxation, Milan Chokshi, Convener, PM&BD; and Sabyasachi Ray, Executive Director. Also in attendance from the Mumbai Customs were senior officials Prachi Saroop, Chief Commissioner Customs and Shri Harish Dharnia (Commissioner of Customs). During the discussions, GJEPC leadership highlighted several critica...