Maha govt allows designated export units of gems, jewellery to resume operations

Image
Press Trust of India Mumbai
Last Updated : May 11 2020 | 9:50 PM IST

The Maharashtra government on Monday allowed resumption of manufacturing activities in the designated export units of gems and jewellery, though only for fulfilling export commitments.

Keeping in view the COVID-19 situation, the state government has allowed the functioning of these units with only 10 per cent manpower with a point-to-point bus transport facility for workers.

Bharat Diamond Bourse and SEEPZ, two of India's largest jewellery export designated zones, are based in Mumbai.

The permission to resume partial activities has been given after the Gem and Jewellery Export Promotion Council (GJEPC) and other trade bodies urged the Centre as well as the state governments for allowing manufacturing to clear the backlog of orders from the pre-lockdown period.

We are yet to ship our March orders and are already late by one month. Already 25-30 per cent of our artisans have gone back to their villages at the beginning of the lockdown. It is going to be very challenging but we are confident that we will be able to fulfill the orders within 1-2 months, GJEPC vice chairman Colin Shah told PTI here.

The export commitments of the sector are worth around USD 500-600 million, he added.

Meanwhile, Surat Diamond Bourse and Jaipur resumed work after a gap of almost 5-6 weeks and these centres are operational by adhering to the COVID-19 safety guidelines set up by the government.

Jaipur is another important centre for gems and jewellery business.

Till date 40 units in SEZ, Sitapura and 25units in gems and jewellery zone of EPIP, Sitapura has commenced their production.

"The Customs department has remained open during the ongoing lockdown and officials have bravely come forward to ensure exports to take place. Both the Ministry of Commerce and Customs departments worked relentlessly for the gems and jewellery exports... As a result, cancellation of orders got minimised from Mumbai SEEPZ, Surat Diamond Bourse and Jaipur, Shah added.

Bharat Diamond Bourse and SEEPZ in Mumbai are major centres, which has a huge backlog of orders and these centres will be operational in the next few days, GJEPC chairman Pramod Kumar Agrawal said.

Exports of gold, silver and imitation jewellery has started. Exports of studded jewellery will also begin soon, Agrawal added.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 11 2020 | 9:50 PM IST

Next Story