The Gem & Jewellery Export Promotion Council (GJEPC) has welcomed the Union Cabinet\u2019s approval of the Export Promotion Mission (EPM) \u2014 a landmark initiative aimed at strengthening India\u2019s export ecosystem with a total outlay of \u20b925,060 crore for FY 2025\u201326 to FY 2030\u201331.<\/p>\n
The Council extended its gratitude to the Hon\u2019ble Prime Minister Shri Narendra Modi, the Union Cabinet, Hon\u2019ble Finance Minister Smt. Nirmala Sitharaman, and Hon\u2019ble Minister of Commerce & Industry Shri Piyush Goyal for recognising the gem and jewellery sector among the priority industries under the Mission.<\/p>\n
\u201cThis bold and visionary initiative comes at a pivotal time, as the Gems & Jewellery industry navigates global headwinds and challenging market dynamics. It will greatly enhance the ease of doing business and strengthen India\u2019s Gem & Jewellery export competitiveness,\u201d said Kirit Bhansali, Chairman, GJEPC.<\/p>\n
\u201cThe inclusion of key measures such as the Credit Guarantee Scheme for Exporters (CGSE) \u2014 offering \u20b920,000 crore of collateral-free credit with 100% guarantee through the National Credit Guarantee Trustee Company Limited \u2014 along with interest subvention, will play a pivotal role in providing affordable capital to this capital-intensive sector. These initiatives will empower MSMEs with easier access to finance and liquidity support.<\/p>\n
Additionally, the grant for participation in international trade fairs will help the sector diversify into new and emerging markets while enabling small exporters to strengthen their presence in established destinations.<\/p>\n
Most importantly, the Export Promotion Mission will accelerate our vision of achieving USD 100 billion in gem and jewellery exports by 2047, contributing meaningfully to the Government\u2019s larger vision of Viksit Bharat @2047. The GJEPC looks forward to working closely with the Government to translate this support into higher exports, greater value addition, and enhanced employment opportunities for our sector,\u201d said Mr. Kirit Bhansali, Chairman, GJEPC.<\/p>\n
The GJEPC noted that the Mission\u2019s integrated approach \u2014 combining financial and non-financial interventions through the Niryat Protsahan and Niryat Disha sub-schemes \u2014 reflects the Government\u2019s commitment to building a more resilient, technology-driven, and inclusive export framework.<\/p>\n
The gem and jewellery industry stands to benefit immensely from the Export Promotion Mission\u2019s (EPM) targeted interventions. By enabling compliance and certification support, and facilitating branding, marketing, and global linkages, the Mission will significantly strengthen the competitiveness of small and medium enterprises that form the backbone of the sector. These measures will empower MSMEs to expand their global footprint, enhance value addition, and contribute more meaningfully to India\u2019s export growth story.<\/p>\n
The gem and jewellery sector, one of India\u2019s most labour-intensive industries, employs over 4.3 million people and contributes around 6.8% to the country\u2019s total merchandise exports. Enhanced access to affordable finance, branding assistance, and export logistics support under the EPM will help Indian jewellers strengthen their global footprint, especially in new and emerging markets.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Gem & Jewellery Export Promotion Council (GJEPC) has welcomed the Union Cabinet\u2019s approval of the Export Promotion Mission (EPM) \u2014 a landmark initiative aimed at strengthening India\u2019s export ecosystem with a total outlay of \u20b925,060 crore for FY 2025\u201326 to FY 2030\u201331. The Council extended its gratitude to the Hon\u2019ble Prime Minister Shri Narendra…<\/p>\n","protected":false},"author":1,"featured_media":34023,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83,100,106,90,79],"tags":[],"thb-sponsors":[],"class_list":["post-34022","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin","category-in-focus","category-manufacturing","category-policy","category-viewpoint"],"acf":[],"yoast_head":"\n