GJ Town India

On the way to attain global GJ Hub stature! To help gold jewellery exports   The Gem & Jewellery Export Promotion Council (GJEPC), congratulates the Government of India and the honourable Finance Minister Nirmala Sitharaman for presenting a strong pro-reform and export growth-oriented Union Budget under the visionary leadership of our honourable Prime Minister Narendra Modi.   The gem and jewellery (GJ) sector in India is overwhelmed by the Government support extended to the gem and jewellery industry in the Union Budget 2022-23. There is a swathe of favourable policy reforms announced that empowers the industry and puts it on a firm footing to capitalise on growth opportunities in the coming decade.   The Indian gem & jewellery sector is one of the leading contributors to the national economy and the country is the undisputed leader in diamond processing. GJEPC hopes to replicate this success in the jewellery vertical, too, and help India become the ‘Jewe...

Effective from 01 February, 2019 Recently department of Industrial Policy & Promotion, under the ministry of Commerce & Industry, attempted review of policy on Foreign Direct Investment (FDI) in e-commerce to provide clarity to FDI policy on e-commerce sector. They reviewed Para 5.2.15.2 of the Consolidated FDI Policy Circular 2017 will now read as under:   5.2.15.2.1 Subject to provisions of FDI Policy, e-commerce entities would engage only in Business to Business (B2B) e-commerce and not in Business to Consumer (B2C) e-commerce. 5.2.15.2.2 Definitions: i)    E-commerce: E-commerce means buying and selling of goods and services including digital products over digital & electronic network. ii)   E-commerce entity: E-commerce entity means a company incorporated under the Companies Act 1956 or the Companies Act 2013 or a foreign company covered under section 2 (42) of the Companies Act, 2013 or an office, branch or agency in...