Commerce Ministry forms panel to streamline gems and jewellery industry

The committee is meant to formulate the constitution and election rules of the proposed council, which the government hopes to announce shortly

To streamline the Rs 5-trillion gems and jewellery industry, the Union ministry of commerce announced a committee to draft guidelines for forming a domestic council.
 
Last year, the ministry had proposed to recognise the All India Gems and Jewellery Trade Federation (AIGJF) as a council for representing the domestic gems and jewellery sector. This seems to have been dropped.
 
The five-member committee is headed by Pramod Agrawal, chairman, Gems and Jewellery Export Promotion Council. It has members from the India Bullion and Jewellers Association, AIGJF and other trade bodies. 
 
Agrawal said: “Formation of a domestic council for