GJ Town India

FM noted concerns pertaining to SNZ & GST amongst other issues! GJEPC Chairman Colin Shah, Vice Chairman Vipul Shah, and ED Sabyasachi Ray held a video meeting with the Hon’ble Finance Minister, Smt Nirmala Sitharaman, on 6th July, and made a presentation on the critical issues concerning the gem & jewellery industry with Finance Ministry. De facto India Diamond Trading Centre (IDTC) - Special Notified Zone (SNZ) was set up in the boundaries of Bharat Diamond Bourse (BDB) by both, GHWPC & BDB on December 20, 2015. At the end of one year the SNZ witnessed participants over 400 companies and about 28 diamond viewing sessions held successfully! The real objective behind such creation was to ensure EoDB in India, to set regular supply line of rough diamonds, to save time and operational cost of SMEs! And further the activities can extend up to rough sales. Yet, since last five years the SNZ has stacked up to rough diamond viewing only. Could not realise t...

Commerce and Industry Ministry Committed to Synergise Export Promotion and Internal Trade: Piyush Goyal The Union Minister of Commerce and Industry & Railways, Piyush Goyal, chaired a joint Meeting of Board of Trade and Council of Trade Development & Promotion and held a day long interaction with the industry and Agriculture Ministers of the States, industrialists, Export Promotion Councils, and representatives of the economic and infrastructure Ministries of the Central Government for boosting exports and domestic manufacturing and reducing trade deficit. Briefing media at the end of the meeting, Piyush Goyal said that Ministries & their departments can no longer work in isolation for effective outcome of government policy. The Commerce and Industry Minister further said that action on many of the decisions arrived at today’s meeting will be taken in next 45 days. He also announced that the next follow up meeting would be held in 45 days. He said, easi...

Prabhu dedicates 1000 Crore projects CFC in Coimbatore & Skilling CFC in Udupi Union Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu, dedicated to the Nation 1000 crore worth of projects of the Commerce & Industry Ministry through video conference in New Delhi. The projects were inaugurated in 7 States and 2 Union Territories across the country. Commerce Minister inaugurated skilling Common Facility Centre (CFC) in Udupi, Karnataka and laid the foundation stone on CFC in Coimbatore, Tamil Nadu. Commerce Minister inaugurated two spices parks in Kota, Rajasthan and Raebareli in Uttar Pradesh. He also inaugurated National Institute of Design (NID) campus in Jorhat, Assam and Bhopal in Madhya Pradesh. IIFT campus was inaugurated at Kolkata, West Bengal and Maidangarhi near Delhi and Footwear Design and Development Institute (FDDI) in Banur, Chandigarh. Suresh Prabhu said that the CFC in Udupi for traditional jewellery manufacture in S...