Diamonds in the news: For large players like us the policy is neutral: Classic Diamonds
Excerpt:
Commenting on the Foreign Trade Policy, Nirav Bhansali, Director, Classic Diamonds (India) Ltd, said, "The package announced for the Gems & Jewellery sector will benefit jewellery manufacturers located outside the bonded area (SEEPZ). For large players like us the policy is neutral. The reduction in transactional costs and increase in the validity of licences is definitely welcome".
Bhansali added, "The Gems & Jewellery sector is one the largest foreign exchange earner for the country and with the announcement of this policy the government has reinforced it’s commitment to boosting the Gems & Jewellery exports".
Posted by GilbertZ at 01:59 PM
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