With over 85% of the industry comprising MSMEs, this visionary step will fast- track the sector’s journey towards achieving USD 100 billion in exports by 2047, empowering small exporters and transforming India’s gem and jewellery industry into a globally competitive, future-ready powerhouse.
Credit Guarantee Scheme and Interest Subvention
The Credit Guarantee Scheme for Exporters (CGSE), offering â‚ą20,000 crore of collateral-free credit with 100% guarantee through the National Credit Guarantee Trustee Company Limited, along with Interest subvention will play a pivotal role in providing cheap capital to this capital-intensive sector. This will also empower MSMEs with easier access to finance.
Grant for International Fairs
- Grant to participate in international fairs will help the sector diversify in new markets and also help small exporters to get access in established markets.
GJEPC Welcomes Export Promotion Mission Approval
The Gem & Jewellery Export Promotion Council (GJEPC) has welcomed the Union Cabinet’s approval of the Export Promotion Mission (EPM) — a landmark initiative aimed at strengthening India’s export ecosystem with a total outlay of ₹25,060 crore for FY 2025–26 to FY 2030–31.
Gratitude to Government Leadership
The Council extended its gratitude to the Hon’ble Prime Minister Shri Narendra Modi, the Union Cabinet, Hon’ble Finance Minister Smt. Nirmala Sitharaman, and Hon’ble Minister of Commerce & Industry Shri Piyush Goyal for recognising the gem and jewellery sector among the priority industries under the Mission.
Chairman’s Vision
“This bold and visionary initiative comes at a pivotal time, as the Gems & Jewellery industry navigates global headwinds and challenging market dynamics. It will greatly enhance the ease of doing business and strengthen India’s Gem & Jewellery export competitiveness,” said Kirit Bhansali, Chairman, GJEPC.
Impact of CGSE and Interest Subvention
The inclusion of key measures such as the Credit Guarantee Scheme for Exporters (CGSE) — offering ₹20,000 crore of collateral-free credit with 100% guarantee through the National Credit Guarantee Trustee Company Limited — along with interest subvention, will play a pivotal role in providing affordable capital to this capital-intensive sector. These initiatives will empower MSMEs with easier access to finance and liquidity support.
International Trade Fair Grants
Additionally, the grant for participation in international trade fairs will help the sector diversify into new and emerging markets while enabling small exporters to strengthen their presence in established destinations.
Accelerating Export Vision
Most importantly, the Export Promotion Mission will accelerate our vision of achieving USD 100 billion in gem and jewellery exports by 2047, contributing meaningfully to the Government’s larger vision of Viksit Bharat @2047. The GJEPC looks forward to working closely with the Government to translate this support into higher exports, greater value addition, and enhanced employment opportunities for our sector,” said Mr. Kirit Bhansali, Chairman, GJEPC.
Integrated Approach of EPM
The GJEPC noted that the Mission’s integrated approach — combining financial and non-financial interventions through the Niryat Protsahan and Niryat Disha sub-schemes — reflects the Government’s commitment to building a more resilient, technology-driven, and inclusive export framework.
Benefits for Small and Medium Enterprises
The gem and jewellery industry stands to benefit immensely from the Export Promotion Mission’s (EPM) targeted interventions. By enabling compliance and certification support, and facilitating branding, marketing, and global linkages, the Mission will significantly strengthen the competitiveness of small and medium enterprises that form the backbone of the sector. These measures will empower MSMEs to expand their global footprint, enhance value addition, and contribute more meaningfully to India’s export growth story.
Sectoral Contribution and Support
The gem and jewellery sector, one of India’s most labour-intensive industries, employs over 4.3 million people and contributes around 6.8% to the country’s total merchandise exports. Enhanced access to affordable finance, branding assistance, and export logistics support under the EPM will help Indian jewellers strengthen their global footprint, especially in new and emerging markets.
About The Gem and Jewellery Export Promotion Council (GJEPC)
The Gem & Jewellery Export Promotion Council (GJEPC), set up by the Ministry of Commerce, Government of India (GoI) in 1966, is one of several Export Promotion Councils (EPCs) launched by the Indian Government, to boost the country’s export thrust, when India’s post-Independence economy began making forays in the international markets. Since 1998, the GJEPC has been granted autonomous status. The GJEPC is the apex body of the gems & jewellery industry and today represents 10700+ members in the sector. With headquarters in Mumbai, GJEPC has Regional Offices in New Delhi, Kolkata, Chennai, Surat and Jaipur, all of which are major centres for the industry. It thus has a wide reach and is able to have a closer interaction with members to serve them in a direct and more meaningful manner. Over the past decades, GJEPC has emerged as one of the most active EPCs and has continuously strived to both expand its reach and depth in its promotional activities as well as widen and increase services to its members.
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