{"id":30937,"date":"2025-04-10T15:44:06","date_gmt":"2025-04-10T10:14:06","guid":{"rendered":"https:\/\/gjepc.org\/solitaire\/?p=30937"},"modified":"2025-04-10T15:44:06","modified_gmt":"2025-04-10T10:14:06","slug":"optimism-in-the-air-gjepc-shri-goyal-strategise-for-resilient-jewellery-exports","status":"publish","type":"post","link":"https:\/\/gjepc.org\/solitaire\/optimism-in-the-air-gjepc-shri-goyal-strategise-for-resilient-jewellery-exports\/","title":{"rendered":"Optimism in the Air: GJEPC, Shri Goyal Strategise for Resilient Jewellery Exports"},"content":{"rendered":"

GJEPC was part of the review meeting of Export Promotion Councils (EPCs) and Industry Associations with Hon\u2019ble Minister of Commerce and Industry, Shri Piyush Goyal, held on 9th April 2025.<\/p>\n

During the meeting, GJEPC leadership, Shri Anoop Mehta, Co-convener of Diamond Panel, GJEPC, and President, Bharat Diamond Bourse; and Shri Sabyasachi Ray, Executive Director, GJEPC, conveyed the implications of the proposed Trump tariff hikes on the Indian gem and jewellery sector.<\/p>\n

The session, attended by key industry stakeholders, focused on strategies to address the potential 10%-26% increase in tariffs on exports to the U.S. Shri Piyush Goyal emphasised key points during the discussion, aimed at strengthening India\u2019s position amid evolving trade dynamics:<\/p>\n

    \n
  1. The Hon\u2019ble Minister highlighted India\u2019s proactive role as a \u201cfirst mover\u201d in negotiating trade agreements under Prime Minister Narendra Modi\u2019s leadership, expressing optimism about concluding talks within the agreed \u00a0timelines.<\/li>\n
  2. He reassured G & J exporters, urging them \u201cnot to panic\u201d despite different speculations, and affirmed the Government\u2019s full support to trade during this period of uncertainty.<\/li>\n
  3. Shri Goyal also advised exporters to resist pressure from their buyers demanding discounts to offset the tariff burden and take a hit on their profitability.<\/li>\n
  4. Shri Goyal also advised exporters to keep the flag of India as the trusted supplier flying high and not yield to enticements of rerouting supplies due to the tariff imbalances between countries, which have been created due to the new world order.<\/li>\n
  5. He also stated that the Govt. is in advanced talks for FTA with the UK, EU, New Zealand, etc., which will help the trade in getting full access to these new markets.<\/li>\n<\/ol>\n

    GJEPC urged the Government to recognise the gem and jewellery industry as one of the most affected sectors in the first phase of tariff negotiations, considering its significant dependence on the US market.<\/p>\n

    The Council highlighted the growing financial stress and high costs faced by industry units due to orders getting unserviceable due to tariffs and requested the introduction of special short-term relief measures by banks, similar to the concessions during Covid-era. GJEPC also sought simplified financing options and support for exploring new markets to reduce overdependence on the US.<\/p>\n

    Hon\u2019ble Minister Shri Piyush Goyal acknowledged these concerns and assured the industry of support in easing operational challenges and help in \u00a0promotion of Indian jewellery products in alternate markets.<\/p>\n","protected":false},"excerpt":{"rendered":"

    GJEPC was part of the review meeting of Export Promotion Councils (EPCs) and Industry Associations with Hon\u2019ble Minister of Commerce and Industry, Shri Piyush Goyal, held on 9th April 2025. During the meeting, GJEPC leadership, Shri Anoop Mehta, Co-convener of Diamond Panel, GJEPC, and President, Bharat Diamond Bourse; and Shri Sabyasachi Ray, Executive Director, GJEPC,…<\/p>\n","protected":false},"author":1,"featured_media":30938,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-30937","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"\nOptimism in the Air: GJEPC, Shri Goyal Strategise for Resilient Jewellery Exports - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine<\/title>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gjepc.org\/solitaire\/optimism-in-the-air-gjepc-shri-goyal-strategise-for-resilient-jewellery-exports\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Optimism in the Air: GJEPC, Shri Goyal Strategise for Resilient Jewellery Exports - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\" \/>\n<meta property=\"og:description\" content=\"GJEPC was part of the review meeting of Export Promotion Councils (EPCs) and Industry Associations with Hon\u2019ble Minister of Commerce and Industry, Shri Piyush Goyal, held on 9th April 2025. During the meeting, GJEPC leadership, Shri Anoop Mehta, Co-convener of Diamond Panel, GJEPC, and President, Bharat Diamond Bourse; and Shri Sabyasachi Ray, Executive Director, GJEPC,…\" \/>\n<meta property=\"og:url\" content=\"https:\/\/gjepc.org\/solitaire\/optimism-in-the-air-gjepc-shri-goyal-strategise-for-resilient-jewellery-exports\/\" \/>\n<meta property=\"og:site_name\" content=\"Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-10T10:14:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2025\/04\/Air.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/#website\",\"url\":\"https:\/\/gjepc.org\/solitaire\/\",\"name\":\"Solitaire magazine is a International jewellery magazine - India\\u2019s leading B2B gem and jewellery magazine\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/gjepc.org\/solitaire\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/optimism-in-the-air-gjepc-shri-goyal-strategise-for-resilient-jewellery-exports\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2025\/04\/Air.jpg\",\"width\":1000,\"height\":600},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/optimism-in-the-air-gjepc-shri-goyal-strategise-for-resilient-jewellery-exports\/#webpage\",\"url\":\"https:\/\/gjepc.org\/solitaire\/optimism-in-the-air-gjepc-shri-goyal-strategise-for-resilient-jewellery-exports\/\",\"name\":\"Optimism in the Air: GJEPC, Shri Goyal Strategise for Resilient Jewellery Exports - Solitaire magazine is a International jewellery magazine - India\\u2019s leading B2B gem and jewellery magazine\",\"isPartOf\":{\"@id\":\"https:\/\/gjepc.org\/solitaire\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/gjepc.org\/solitaire\/optimism-in-the-air-gjepc-shri-goyal-strategise-for-resilient-jewellery-exports\/#primaryimage\"},\"datePublished\":\"2025-04-10T10:14:06+00:00\",\"dateModified\":\"2025-04-10T10:14:06+00:00\",\"author\":{\"@id\":\"https:\/\/gjepc.org\/solitaire\/#\/schema\/person\/b614a6d604f6c36c387b4c876bb33d79\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/gjepc.org\/solitaire\/optimism-in-the-air-gjepc-shri-goyal-strategise-for-resilient-jewellery-exports\/\"]}]},{\"@type\":[\"Person\"],\"@id\":\"https:\/\/gjepc.org\/solitaire\/#\/schema\/person\/b614a6d604f6c36c387b4c876bb33d79\",\"name\":\"GJEPC\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f6c5b479a8ec14da0f88385e2b6cd51ccb37ac80c31409ecaebe5524700952a2?s=96&d=mm&r=g\",\"caption\":\"GJEPC\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","_links":{"self":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts\/30937","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/comments?post=30937"}],"version-history":[{"count":1,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts\/30937\/revisions"}],"predecessor-version":[{"id":30939,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts\/30937\/revisions\/30939"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/media\/30938"}],"wp:attachment":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/media?parent=30937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/categories?post=30937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/tags?post=30937"},{"taxonomy":"thb-sponsors","embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/thb-sponsors?post=30937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}