The Directorate General of Foreign Trade (DGFT) has declared Amritsar Airport as an authorised export point for gold, silver, and platinum jewellery from India. Mostly meenakari and jadau jewellery are exported from Amritsar to the global markets.The inclusion of Amritsar Airport comes after persistent efforts by the Gem & Jewellery Export Promotion Council (GJEPC), which has been advocating for streamlining export procedures and promoting regional growth within the industry. This move will significantly boost the export potential of precious jewellery, especially for businesses in Punjab and surrounding areas.Vipul Shah, Chairman, GJEPC, said, “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.” Shah further added, “Post the signing of the India-UAE CEPA, we have seen 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.”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 latest amendment outlines the specific details regarding the addition of Amritsar Airport as an export hub and remains in effect immediately.Nominations for ET MSME Awards are now open. The last day to apply is December 15, 2024. Click here to submit your entry for any one or more of the 22 categories and stand a chance to win a prestigious award.
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