Gems and Jewellery Domestic Council

• The Government on Monday set a National Committee of Domestic Council for Gems and Jewellery.

• The apex body, consisting 14 Members will represent various associations of Gems and Jewellery Sector. It has been constituted to draft Memorandum and Article of Association and other Rules/Bye-laws of the Domestic Council.

Vital highlights

• The representative body, would be the forum for highlighting the issues and concerns of the industry that require redressal through policy measures.

• “With a view to strengthen the Gems & Jewellery industry in the country, the government has taken a number of steps such as establishment of Special Notified Zone (SNZ);

• It setting up of Common Facility Centres for gem and jewellery sector; announcement of separate ITC HS Code for lab-grown diamonds; and providing financial assistance for participation in international fairs, organizing buyer-seller meets, creation of export related infrastructure, etc.

• Under various schemes of the Department of Commerce to boost the industry, Minister of State of Commerce and Industry, CR Chaudhary, in written reply to the Lok Sabha informed.

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