Bharat Ratnam Mega CFC, a project of the GJEPC, has received broad-banding approval under the Free Trade Warehousing Zone (FTWZ) framework, significantly expanding the range of gems and jewellery products that can be warehoused, exhibited and viewed at its facility in SEEPZ, Mumbai.<\/p>\n
The approval from SEEPZ authorities allows the Mega CFC’s fifth-floor facility to host activities covering the entire gems and jewellery value chain. International organisations can now import a wide range of products for exhibitions, viewing sessions and pre-auction inspections. The approved categories include rough diamonds, cut and polished diamonds, lab-grown diamonds, plain and studded gold, platinum and silver jewellery, combination jewellery, and imitation jewellery.<\/p>\n
Kirit Bhansali, Chairman, GJEPC, said, \u201cWorld-class infrastructure is critical to India’s ambition of becoming a larger centre for global gems and jewellery business. The expanded FTWZ framework at Bharat Ratnam Mega CFC creates new opportunities for international companies to showcase products, conduct viewings and participate in auction-related activities from India. This is another step towards building an ecosystem that supports greater global participation and strengthens India’s competitiveness.\u201d<\/p>\n
Ravi Menon, CEO, Bharat Ratnam Mega CFC, explained, \u201cThe broad-banding approval has been granted under the FTWZ framework and extends beyond exhibition-related activities. However, the facility’s current operational approvals are limited to warehousing, exhibition, viewing and pre-auction inspection activities. Trading activities have not yet been approved by the relevant authorities.\u201d<\/p>\n
Menon clarified that while FTWZ regulations permit trading as one of the allowable activities, Mega CFC has not yet received the necessary permissions to undertake trading operations. These activities will be added to its offerings only after obtaining further regulatory approvals.<\/p>\n
The expanded approval is expected to strengthen Mega CFC’s position as a hub for international gems and jewellery exhibitions, product viewing and auction-related activities, while providing overseas participants with access to a broader range of product categories within a secure FTWZ environment.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bharat Ratnam Mega CFC, a project of the GJEPC, has received broad-banding approval under the Free Trade Warehousing Zone (FTWZ) framework, significantly expanding the range of gems and jewellery products that can be warehoused, exhibited and viewed at its facility in SEEPZ, Mumbai. The approval from SEEPZ authorities allows the Mega CFC’s fifth-floor facility to…<\/p>\n","protected":false},"author":1,"featured_media":36895,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-36894","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"\n