The Indian gems and jewellery industry is facing difficult time proper now, customers are shying far from shopping for jewelry, authorities rules are not supportive for the increase and smooth running of shops and manufacturers; amidst this, it is unhappy to see disunity many of the associations of jewelry industry.
almost, entire jewellery enterprise was united to support and stand against PAN card limit exchange to Rs. 2 lakh, there has been guide from all neighborhood jewellery affiliation from towns like Jaipur, Chennai, New Delhi, Mumbai, Bangalore, etc. The strike became coordinated by way of All India Gem and jewelry change Federation (GJF) throughout India with the help of all neighborhood institutions. however to play smash game for plenty, one bullion association from Mumbai (IBJA) did now not guide the strike, resulting in Zaveri Bazaar being open. they are saying, “some associations are operating in opposition to the policies of government and we request complete Gem and jewelry sector to suppose two times earlier than looking at such strike. IBJA is operating to boom the restrict and has already submitted a suggestion made by KPMG to the Ministry of Finance to growth PAN card limit. ”
Few industry human beings spoke to IJ that that is a political pass with the aid of the president of the affiliation to no longer to protest as he himself is President of ruling celebration. Protesting towards his personal authorities might not be useful to him, so he has kept jewellers hobby apart. One wishes to suppose and act. All moves are required to make certain that the PAN card restriction is increased, lot of presentations and talks have passed off with the government in final one month and feature not acquired any fantastic reaction. therefore, it was essential to call for strike and enterprise to stay united.