GJEPC asks Govt for priority status
09 Jul 2020 10:58:05
THE gems and jewellery industry, which is passing through a challenging time due to COVID-19 pandemic, has urged the Government for a supportive e-commerce policy and a ‘priority sector status’ so that it can bring in operational benefits.
The Gem and Jewellery Export Promotion Council (GJEPC) in a video meeting with Finance Minister Nirmala Sitharaman on Monday made a presentation on the critical issues concerning the gem and jewellery industry, according to a statement. Some of the concerns presented by GJEPC include e-commerce policy for the gem and jewellery sector, making MyKYCBank platform mandatory for all gem and jewellery entities, sale of rough diamonds by miners in Special Notified Zones (SNZs), reduction in Import Duty on polished diamonds and ‘Gold Monetisation’ scheme among others.