The Government of India is not committed towards promoting exports and has declared the gems & jewellery sector as a less important area for export promotion

This statement is not entirely true. The Government of India has been actively promoting exports, and the gems and jewellery sector is one of the important areas for export promotion.

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The gems and jewellery sector is a significant contributor to India’s export earnings, and the government has been taking several steps to promote exports from this sector. For instance, the government has set up the Gem and Jewellery Export Promotion Council (GJEPC) to promote exports from the sector. The GJEPC works closely with the government to formulate policies and programs to boost exports from the sector.

The government has also implemented several initiatives to improve the competitiveness of the gems and jewellery sector, such as the establishment of Special Economic Zones (SEZs) for the sector, reduction of import duties on raw materials, and the implementation of the Goods and Services Tax (GST) regime to streamline the taxation system.

Furthermore, the government has announced various export incentives and schemes, such as the Merchandise Exports from India Scheme (MEIS) and the Export Promotion Capital Goods (EPCG) scheme, which provide financial support to exporters in the gems and jewellery sector.

In conclusion, the Government of India is committed to promoting exports from various sectors, including the gems and jewellery sector. The government has implemented various initiatives and schemes to boost exports from the sector and improve its competitiveness.

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