In a significant development for India’s gem and jewellery industry, the Gem and Jewellery Export Promotion Council (GJEPC) felicitated Union Commerce and Industry Minister Shri Piyush Goyal and Minister of State Shri Jitin Prasada in New Delhi following the successful completion of the India–USA Interim Trade Agreement.
The interaction was largely centered on strengthening India’s gem and jewellery exports and expanding opportunities for Indian manufacturers in the US market. Industry representatives present at the meeting described the agreement as an important step that could benefit exporters, particularly micro, small, and medium enterprises (MSMEs).
The GJEPC delegation was led by its Chairman, Shri Kirit Bhansali. Other members included Shri Anoop Mehta, Convener of the Diamond Panel; Shri Mital Doshi, Convener of Banking, Insurance & Taxation; Shri Antarpal Singh Sawhney, Regional Chairman for the Northern Region; and Shri K.K. Duggal, Director (Policy).
Prominent industry figures were also in attendance, including Shri Govind Dholakia, Member of Parliament, Rajya Sabha and Founder of SRK; Shri Alkesh Shah of Goldstar Jewellery; and Shri Milan Parikh of Mahendra Brothers.
Speaking on the occasion, Shri Kirit Bhansali said the agreement marked a positive turning point for the sector. “Zero-duty access for Indian diamonds and reduced tariffs on jewellery in the US will provide much-needed support to our exporters, especially MSMEs. This is a strong step forward for India’s gem and jewellery industry,” he said.
Industry players believe that with the US being one of India’s key jewellery markets, the agreement could help boost exports and strengthen trade ties between the two countries in the coming months.
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