Key bottlenecks in gems, jewellery sector addressed, says Industry

The gems and jewellery sector on Sunday welcomed the Union Budget as positive and growth-focused, saying it addresses key bottlenecks and provides fresh momentum to the industry. “We thank the Government for a positive, growth-focused Budget that addresses key bottlenecks and gives fresh momentum to India’s gems and jewellery sector. It improves liquidity, supports manufacturing and strengthens exports across the value chain,” the Gem and Jewellery Export Promotion Council (GJEPC) Chairman Kirit Bhansali said.

GJEPC welcomes the Union Budget’s transformative customs reforms, recommended for adoption. “Trust-based processes, digital appraisals, and simplified clearances will slash delays and costs, accelerating business growth. We also applaud the limited sales from SEZs to the Domestic Tariff Area at concessional duties” Bhansali said.