The Directorate General of Foreign Trade (DGFT), under the ministry of commerce and industry has, through a notification, authorised Amritsar airport as export point for gold, silver, and platinum jewellery, a move that will significantly boost the export potential of precious jewellery.
The inclusion of Amritsar airport comes after persistent efforts of the Gem & Jewellery Export Promotion Council (GJEPC) which has been consistently advocating for streamlining export procedures and promoting regional growth within the industry, the council said in a statement.
Previously, exports of precious jewellery under relevant schemes were allowed by airfreight and Foreign Post Offices through Customs Houses located in 12 major cities including Mumbai, Kolkata, Delhi, Chennai, and Jaipur among others. This limited the options for exporters, particularly those situated in northern regions. This move will significantly boost the export potential of precious jewellery, especially for businesses in Punjab and surrounding areas.
“Amritsar is one of the major thriving centres for Meenakari and Jadau jewellery. Previously, exporters had to travel to Delhi Customs to have their export parcels appraised, which was not only time-consuming but also presented logistical challenges. Now, with Amritsar Airport designated as an authorised export point, jewellers in the region will benefit from simplified and faster export processes,” Vipul Shah, Chairman, GJEPC, said.
Shah further stated that post the signing of the India-UAE CEPA, there has been a surge in demand for Indian Jadau jewellery in Dubai, a key market for these exquisite pieces. Globally, there is immense market potential and future growth prospects for Jadau jewellery, and this move will help unlock further opportunities for artisans and exporters in Punjab and beyond, he noted.
