Banks plan uniform lending policy in jewellery sector

SBI’s total global exposure to the industry is Rs 25,000 crore and the size of this portfolio has remained unchanged from the previous year. Banks led by State Bank of India (SBI) are working on a common policy framework for lending to the gems and jewellery sector, a senior executive said here. The uniform policy … Read more Banks plan uniform lending policy in jewellery sector

Gems and jewellery exports down 7% in H1 of FY18 due to GST, gold policy

There has been a sharp decline in orders from Japan and Europe this year for India’s gems and jewellery. Data compiled by the Gems and Jewellery Export Promotion Council (GJEPC) says G&J net export declined 7.4 per cent to $16.8 billion in April-September, the first six months of this financial year, from $18.2 bn in the comparable period … Read more Gems and jewellery exports down 7% in H1 of FY18 due to GST, gold policy

Gujarat govt announces Garments & Apparel Policy 2017

With an aim to make full use of cotton grown in the state, the Gujarat government has announced Garments & Apparel Policy 2017. The policy, announced by Gujarat CM Vijay Rupani today, envisages achieving the complete textile and garment value chain of 5Fs from farm to fibre, fibre to fabric, fabric to fashion, and fashion to foreign markets.“The decision … Read more Gujarat govt announces Garments & Apparel Policy 2017

Gems and jewellery exports down 7% in H1 of FY18 due to GST, gold policy

There has been a sharp decline in orders from Japan and Europe this year for India’s gems and jewellery. Data compiled by the Gems and Jewellery Export Promotion Council (GJEPC) says G&J net export declined 7.4 per cent to $16.8 billion in April-September, the first six months of this financial year, from $18.2 bn in the comparable period … Read more Gems and jewellery exports down 7% in H1 of FY18 due to GST, gold policy