Budget expectation quote on behalf of Informa Markets in India

 Gem and Jewellery

Mr. Yogesh Mudras, Managing Director, Informa Markets in India said, “We expect that the Budget 2021-22 will take a look at the Gem & Jewellery industry favorably and roll out many SOPs and significant policy changes that can help bring around the business in the following year. We also seek a depletion in customs duty and reduction in import duty on the precious stones. It also becomes important that the government should look at policies that encourage financial bodies to kick-start lending to the Gem & Jewellery sector, which will help businesses to keep up liquidity and ensure strength and success.”