National News
DGFT Summit Explores E-commerce’s Role in Boosting Gem & Jewellery Export Potential
The Directorate General of Foreign Trade (DGFT) hosted an E-commerce Export Summit at Bharat Mandapam, Pragati Maidan, on 11th March, gathering industry leaders to explore the growing potential of e-commerce in enhancing retail exports. Mr. Sabyasachi Ray, Executive Director of GJEPC, delivered a keynote presentation on ‘Enhancing Retail Exports through E-commerce.’
In his opening remarks, Mr. Ray emphasized the critical role of e-commerce platforms in driving growth for the gem and jewellery sector. He noted that e-commerce is particularly well-suited to this industry due to the low volume and high value of its products, making it ideal for cross-border trade. He expressed confidence that businesses in the sector will see substantial growth in the near future, driven by the accessibility and scalability of e-commerce.
Mr. Ray also provided insights into recent foreign trade policy reforms introduced by the Government of India. These regulatory changes have significantly eased e-commerce exports, contributing to the sector’s remarkable growth. Currently, India’s gem and jewellery exports total $38 billion, with projections aiming for $100 billion by 2047, largely fueled by the expanding e-commerce landscape.
He advised exporters to focus on identifying key product markets and understanding consumer preferences to secure repeat business. Additionally, he highlighted the recent partnerships formed by the GJEPC with major e-commerce platforms like eBay, Amazon, and DHL, aiming to provide a seamless export experience for its members.
National News
GJEPC, BDB Hold Outreach Session On New Income Tax Regime
New Income-Tax Act, 2025 Introduces A Simpler, More Transparent, Technology-Driven and Taxpayer-Friendly Framework
GJEPC and Bharat Diamond Bourse (BDB) co-organised an outreach programme under the ‘Prarambh 2026’ initiative in Mumbai, on 8 May 2026. The programme focused on the Income-Tax Act, 2025 and Income Tax Rules, 2026, with emphasis on international taxation and transfer pricing.
Nirupama Kotru, IRS, Chief Commissioner of Income Tax (International Taxation & Transfer Pricing), Western Zone, Mumbai, attended as chief guest, while Mohit Jain, IRS, Chief Commissioner of Income Tax, Mumbai, was the guest of honour.
Senior officials from the department included Sanjay Deshmukh, Principal Commissioner of Income Tax (International Taxation); Alok Kumar, Commissioner of Income Tax (Transfer Pricing); Ramapriya Raghavan, Commissioner of Income Tax (Transfer Pricing); Nischay Samaiya, CIT-OSD; and Sanjeet Nair, Additional Commissioner of Income Tax.
The dignitaries were welcomed by Shaunak Parikh, Vice Chairman, GJEPC; Khushboo Ranawat, Western Regional Chairman, GJEPC; Mehul Shah, Vice President, BDB; Mittal Doshi, Convenor – BITC, GJEPC; and Bharat Ghori, Co-Convenor, MSME, GJEPC.
Addressing the gathering, Kotru said the new Income-tax Act, 2025 introduces a simpler, more transparent, technology-driven and taxpayer-friendly framework. She said the department launched outreach initiatives to strengthen engagement with taxpayers, encourage voluntary compliance, and build greater trust between industry and government.
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