India’s gems and jewellery industry got a significant boost on 7th October 2025, when NITI Aayog and GJEPC brought together key stakeholders to discuss the sector’s future competitiveness and export potential.
The hybrid event, hosted at the Bharat Diamond Bourse (BDB) with several participants joining virtually, featured Mr. Sanjeet Singh, Senior Advisor, NITI Aayog, joined by Mr. Kirit Bhansali, Chairman, GJEPC; Mr. Shaunak Parikh, Vice Chairman, GJEPC; Mr. Anoop Mehta, Convener, Audit & Finance Sub-committee, and Mr. Sabyasachi Ray, Executive Director, GJEPC, who engaged with industry representatives to gather insights for a comprehensive study aimed at strengthening the sector’s position in global markets.
“Keeping this sector’s export potential, our focus will be on regulatory and tax challenges for enhancing trade with global markets, Mr. Singh said. “We also need suggestions to promote Brand India across the world.”
India’s gems and jewellery sector is currently navigating through global challenges and shifting market dynamics that demand strategic intervention. Recognising this critical juncture, NITI Aayog, the government’s premier policy think-tank, partnered with GJEPC to undertake a landmark study focused on unlocking the industry’s next phase of growth.
More than 50 industry members joined the meet virtually, bringing total participation to over 120 people. The session collected valuable industry perspectives and insights which would directly inform the study’s objectives, helping identify operational bottlenecks and outline actionable policy measures to enhance India’s competitive edge in global markets.