New Delhi: A GJEPC delegation met Union Finance Minister Mrs. Nirmala Sitharaman in New Delhi on 27th March 2026 to discuss matters concerning the industry. The Council delegation, led by Mr. Kirit Bhansali, Chairman, GJEPC, also included Mr. Shaunak Parikh, Vice Chairman, GJEPC; Mr. Sabyasachi Ray, Executive Director, GJEPC and Mr. K.K. Duggal, Director – Policy, GJEPC.

A key focus of the discussions was on expanding the scope of Special Notified Zones (SNZs) and leveraging the ongoing Gulf crisis as an opportunity to shift diamond and gold trading activity to India from hubs such as Dubai and Antwerp, with stakeholders viewing India as a stable alternative. The delegation also proposed the temporary relocation of jewellery and diamond stocks to India in Customs Bonded Warehouses.

Broader discussions covered the impact of global trade disruptions, challenges faced by exporters, and the need for supportive policy measures to enhance competitiveness, improve ease of doing business, and encourage investment and infrastructure development within the sector.