HomeNewsIndiaGJEPC seeks Maharashtra govt support for setting up jewellery park cluster project in Mumbai

GJEPC seeks Maharashtra govt support for setting up jewellery park cluster project in Mumbai

A GJEPC (gems and jewellery export promotion council) delegation met Maharashtra Chief Minister Uddhav Thackeray on Friday to brief him about the project, and "request immediate support from the state government on certain pressing issues," the council said in a statement.

June 05, 2021 / 13:01 IST
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In the Mumbai bullion market, the yellow metal saw a gain of rs 19 in prices to Rs 38,450 per 10 gram of 24-carat gold (plus 3 percent GST), on the back of festive demand. (Image: Reuters)
In the Mumbai bullion market, the yellow metal saw a gain of rs 19 in prices to Rs 38,450 per 10 gram of 24-carat gold (plus 3 percent GST), on the back of festive demand. (Image: Reuters)

Gems and jewellery exporters body GJEPC on Saturday said it has sought support from the Maharashtra government for setting up of India Jewellery Park Mumbai (IJPM) mega cluster project.

A GJEPC (gems and jewellery export promotion council) delegation met Maharashtra Chief Minister Uddhav Thackeray on Friday to brief him about the project, and "request immediate support from the state government on certain pressing issues," the council said in a statement.

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Led by GJEPC Chairman Colin Shah, the delegation included Vice Chairman Vipul Shah, and India Jewellery Park Mumbai Chairman Kirit Bhansali.

During the meeting, Shah raised issues such as difficulties faced when opening current accounts with non-lending banks; waiving of stamp duty on imports of gold bullion in Maharashtra; stamp duty exemption on registration of sub-lease agreements by the SEEPZ (Santacruz Electronics Export Processing Zone)-SEZ Units; and waiving of stamp duty on loan and security documents executed to avail export finance.