Mumbai: The All India Gems and Jewellery Trade Federation (GJF) expects to receive the status of council within the next two to three months, reports Business Standard.

The federation said it would be easy to represent issues faced by gems and jewellery industry before government after receiving the status of the council.

“We have already asked the concerned ministry in Central government to bestow the status of council on us. We have received a positive reply from the government. Currently, the process for moving from federation to council is going on and GJF will get council status most probably after budget,” said Haresh Soni, chairman of GJF.

After attaining the status of council, GJF will be christened as ‘All India Gems and Jewellery Domestic Trade Council’. The status of council will establish the gems and jewellery business as industry. So far it is officially not an industry. Moreover, in the new council body, the government would also have its representative.