Is GJEPC looking for government package!
Recently at the Webinar Vice Chairman GJEPC India Colin shah agreed upon the fact that the gem & jewellery export fraternity is looking for bank facilities. He said, GJEPC is communicating with RBI to clarify all those related banks to announce related package!
Further, Colin Shah said, GJEPC India is also looking for the package for export fraternity from government. No doubt, GJEPC is working in the sync with Ministry of Finance, Ministry of Commerce & Industry. Swiftly communication is going on and looking at all those aspects to boost exports at post Covid-19 era.
It is to know that India has halted the rough diamond import in the meantime from May 15 & up to one month! Such measures had been taken earlier at the global turmoil 2008. In the row, RJC had also viewed that the gem & jewellery industry recovery will need government support!
From global platform RJC said, we see two priorities, First, like any industry, our industry recovery will need support of bold and timely economic policies from governments around the world to mitigate the economic damage and help build confidence in the economy and focus on recovery.
These measures are essential to protect people’s livelihoods. Governments and businesses will need to work more closely together to tackle this crisis. Time is of the essence & second, our industry needs to unite more than ever to focus on long term sustainability and consumer confidence. Ultimately, we work in an industry of beauty and emotions.
We strongly believe we have a great opportunity to engage with our consumers in these unprecedented times. Consumer behaviour will evolve through the experience of this pandemic and we, as an industry, will need to adapt fast to understand and exceed the consumers’ expectation.
