As per a directive from Ministry of Commerce & Industry, the GJEPC in collaboration with ELP organised an informative webinar to discuss the impact of the recent Union Budget on the gem and jewellery sector. The session aimed to provide valuable insights into key changes, opportunities, and challenges facing the industry.
Experts and industry stakeholders participated in the webinar to discuss the implications of the new tax regulations, incentives for MSMEs, and updates on import/export duties. A detailed analysis of the modifications in tax regulations affecting the gem and jewellery sector was presented. Participants explored the implications of new incentives introduced for MSMEs and discussed the updates on import/export duties and their impact on the industry.
The webinar highlighted sectors within the gem and jewellery industry that are poised to benefit from the budgetary changes. Discussions focused on government schemes that could provide financial support and growth prospects for small businesses. Additionally, potential collaborations and partnerships encouraged by the new budget were explored.
The webinar also delved into the key issues faced by the gem and jewellery industry and discussed strategies to mitigate them. Participants shared insights and experiences to identify potential solutions and best practices.
The webinar served as a valuable platform for stakeholders in the gem and jewellery sector to gain clarity on the budget’s implications, discuss pertinent issues, and explore avenues for growth and collaboration. Participants were encouraged to leverage the opportunities presented by the budget while proactively addressing the challenges faced by the industry.