GJEPC Leadership Meets FM To Seek Relief
Discusses relief measures over 50% U.S. Tariff Impact A delegation from the Gem & Jewellery Export Promotion Council (GJEPC), led by Chairman Kirit Bhansali, along with Vice Chairman Shaunak Parikh and Executive Director Sabyasachi Ray, met with the Hon’ble Union Minister of Finance & Corporate Affairs, Nirmala Sitharaman, to discuss urgent relief measures for the Indian gem and jewellery sector, which has been significantly impacted by the recent 50% tariff imposed by the United States. During the interaction, Bhansali expressed gratitude to the Finance Minister for the landmark GST reforms that have positively shaped the industry. The delegation put forth key requests to provide immediate relief and ensure business continuity, including, 1: Permission for reverse job work, 2: Allowing DTA sales by SEZ units, 3: Extension of export obligation periods, 4: Interest moratorium on packing credit and working capital loans & 5: Liquidity s...