According to a mandate from the Ministry of Commerce and Industry, the GJEPC, in partnership with ELP, hosted an instructive webinar to examine the impact of the recent Union Budget on the gem and jewellery industry. The event aims to provide significant insights into the industry’s key shifts, opportunities and difficulties.
The webinar brought together experts and industry stakeholders to explore the impact of new tax legislation, incentives for MSMEs, and updates on import/export tariffs. A detailed examination of tax changes affecting the gem and jewellery industry was presented. Participants reviewed the significance of new incentives for MSMEs, as well as the latest import/export levies and their influence on the industry.
The webinar highlighted sectors of the gem and jewelry business that stand to profit from budgetary improvements. The discussions centered on government programs that could provide financial assistance and growth opportunities for small enterprises. Furthermore, potential collaborations and partnerships prompted by the new budget were investigated.
The webinar also covered the key difficulties confronting the gem and jewellery business, as well as ways for addressing them. Participants presented their perspectives and experiences to explore potential solutions and best practices.
The webinar provided an excellent opportunity for stakeholders in the gem and jewellery industry to receive clarification on the budget’s consequences, debate relevant concerns, and explore opportunities for growth and collaboration. Participants were encouraged to take advantage of budgetary opportunities while also aggressively tackling industry issues.