GJ Town India

Now it is clear that the gold policy India is at latch. It is now shaping up at NITI Aayog even during the election! Recognizing the criticality and untapped potential of the gold market for providing a stimulus to exports, economic growth and employment, a Committee on Transforming India’s Gold Market was constituted by NITI Aayog under my Chairmanship, Ratan P. Watal, Principal Adviser, NITI Aayog and Member Secretary, EAC – PM. Initially themes were set well, 1: Current Industry Profile, 2: Market Segmentation & Estimating Trends for Gold Market in 2022 including Bullion Exchange, 3: Trade and Investment Issues-Incentive Structure & Ease of Doing Business, Regulatory Framework for Gold, 4: 5: Tax Issues, Gold in the Financial System and Digital Payments, 6: Bridging Skill Development and Employment Generation & Technology Up gradation. Various experts also enriched the sub group deliberations. The challenges were emerging from a regulatory framework, p

India exports 10% of total gold import! The country’s top policy makers, gem & jewellery stakeholders and decision makers got together for the most significant annual gems & jewellery industry summit – India Gold & Jewellery Summit (IGJS) 2018 – being organized by The Gem and Jewellery Export Promotion Council (GJEPC), the apex Gem & Jewellery body of India, being held on 23-24 November 2018 in the Capital.   Upscale, upgrade and forge partnerships with high potential export markets, said Union Commerce & Industry Minister Shri Suresh Prabhu at GJEPC’s second India Gold Policy & Jewellery Summit 2018.  Ms. Rupa Dutta (Economic Adviser, Ministry of Commerce & Industry-Government of India) announced that the draft of the Gold Policy will be shared with the Union Finance Ministry (MoF) in December 2018. Shri Pramod Kumar Agrawal (Chairman, GJEPC) said that India has the potential to double its gold jewellery exports to USD 18 billion by 202