India’s gems and jewellery exports have experienced remarkable growth over the years, becoming a key driver of the Indian economy and establishing the country as a prominent player in the international market. However, recent figures for the first quarter paint a concerning picture. Several factors, such as the ongoing socio-economic...
Colin Shah, Chairman, Gems & Jewellery Export Promotion Council, asserts that while MSMEs in the sector are benefiting from the redefinition and Aatma Nirbhar Bharat Scheme, banks are not extending loans under CGTMSE scheme, which is hampering business. IBT: The lockdown has led to a complete washout for the gems...
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