The All India Gem and Jewellery Domestic Council (GJC) and the Gem & Jewellery Export Promotion Council (GJEPC) have invited industry-wide suggestions and recommendations on the Gold Monetization Scheme following a recent Ministry of Commerce meeting focused on reducing India’s Current Account Deficit (CAD). The initiative aims to gather practical solutions from industry stakeholders to support the growth, stability, and long-term sustainability of the gems and jewellery sector.
Quick Summary
- GJC informed members about a Ministry of Commerce meeting on reducing the Current Account Deficit (CAD)
- GJC and GJEPC will lead discussions with industry associations and stakeholders
- The Gold Monetization Scheme remains a key focus area for the industry
- Stakeholders are invited to submit suggestions and recommendations by 30th May 2026
- Inputs can be shared via the official GJC email ID: secretary@gjc.org.in
- The initiative aims to protect national interests while supporting industry growth and livelihoods
GJC and GJEPC Invite Industry Suggestions on Gold Monetization Scheme
GJC Invites Industry-Wide Suggestions on Gold Monetization Scheme Following Ministry of Commerce Meeting
Industry Discussions to Focus on Reducing Current Account Deficit
GJC and GJEPC to lead discussions with stakeholders to formulate practical recommendations aimed at reducing the Current Account Deficit (CAD)
The deadline for submitting your views to the official GJC email ID and mobile number is 30th May 2026.
You may send your inputs to secretary@gjc.org.in
Ministry of Commerce Meeting Highlights
The All India Gem and Jewellery Domestic Council (GJC) has informed its members that the Ministry of Commerce recently convened a meeting to discuss measures for reducing the Current Account Deficit (CAD). During the meeting, it was decided that GJC and the Gem & Jewellery Export Promotion Council (GJEPC) will lead discussions with all industry associations and stakeholders to formulate practical solutions.
Gold Monetization Scheme Remains a Key Focus
As part of this initiative, GJC highlighted the importance of the Gold Monetization Scheme, an initiative the industry has championed for the past decade. The council stated that suggestions and recommendations from industry stakeholders will help shape a comprehensive proposal to be submitted to the Ministry of Commerce.
Industry Participation and National Interest
The council further emphasized that the gems and jewellery industry supports millions of livelihoods, artisans, and MSMEs across the country. It noted that active participation from the trade fraternity is essential to protect national interests while ensuring the growth and stability of the business ecosystem.
FAQs
What is the main objective of the recent Ministry of Commerce meeting?
The meeting focused on discussing measures to reduce India’s Current Account Deficit (CAD) through practical industry-driven recommendations.
Which organizations are leading the industry discussions?
The All India Gem and Jewellery Domestic Council (GJC) and the Gem & Jewellery Export Promotion Council (GJEPC) are leading discussions with industry stakeholders and associations.
What is the Gold Monetization Scheme?
The Gold Monetization Scheme is an initiative aimed at mobilizing idle gold held by households and institutions to support the economy and reduce dependence on gold imports.
What is the deadline for submitting suggestions?
Stakeholders can submit their suggestions and recommendations until 30th May 2026.
Where can industry stakeholders send their inputs?
Suggestions can be shared via the official GJC email ID: secretary@gjc.org.in
Why is industry participation important?
The industry supports millions of livelihoods, artisans, and MSMEs across India, making stakeholder participation important for balancing national interests with sector growth and stability.
Source: SVAR Media Network
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