National News
GJEPC conducts awareness seminar on export opportunities for MSMEs
Seminar outlined key aspects of entering export markets, including exporter registration, logistics, e-commerce, government schemes and GJEPC membership benefits.
GJEPC organised an awareness seminar on export opportunities for micro, small and medium enterprises (MSMEs) on 22 October 2026 in Girgaon, South Mumbai, in close proximity to Zaveri Bazaar, one of India’s oldest jewellery manufacturing and trading hubs.
Mithilesh Pandey, Senior Director – Membership, GJEPC, outlined key aspects of entering export markets, including exporter registration, logistics, e-commerce, government schemes and GJEPC membership benefits. He also highlighted the upcoming commencement ceremony for the India Jewellery Park Mumbai (IJPM), scheduled for 25 October at Mahape, Navi Mumbai, and explained its significance for the industry.
Naheed Sunke, Assistant Director, GJEPC, presented opportunities at IIJS Bharat Signature 2027, focusing on global sourcing, retailer onboarding and B2B networking for jewellery retailers and industry participants.
Mukesh Sharma, Senior Manager – Business Development, India International Bullion Exchange (IIBX), explained how eligible GJEPC members holding a Registration-cum-Membership Certificate (RCMC) can access direct gold and silver bullion imports through the exchange. He also outlined the removal of the earlier ₹15 crore minimum net-worth requirement, which broadens access for eligible businesses.
The interactive session addressed participants’ queries on exports, bullion imports and GJEPC initiatives. The seminar aimed to encourage jewellery retailers and MSMEs to explore international markets and participate in upcoming Council programmes and trade events.
National News
India does not need gold monetization programme to cushion dollar demand: RBI Governor
Sanjay Malhotra highlighted several structural strengths supporting the economy, including ample foreign exchange reserves, buoyant services exports, robust remittance inflows, favorable trade agreements, and ongoing policy initiatives aimed at reducing energy dependence.
RBI Governor Sanjay Malhotra reaffirmed strong confidence in the resilience of India’s external sector, emphasizing that the country’s macroeconomic fundamentals remain robust despite short-term currency pressures on the rupee.
Addressing queries on whether a gold monetisation programme could be introduced to help cushion dollar demand, he stated that India does not require such a scheme. He highlighted several structural strengths supporting the economy, including ample foreign exchange reserves, buoyant services exports, robust remittance inflows, favorable trade agreements, and ongoing policy initiatives aimed at reducing energy dependence.
He further addressed market speculation regarding the mobilization of idle household gold to ease pressure on the Indian rupee and lower import-driven dollar demand. He emphasized that the central bank has no proposal under consideration for a new scheme
Looking ahead, Governor Sanjay Malhotra expressed optimism about the medium-term outlook for India’s balance of payments. He noted that as geopolitical tensions in West Asia ease and global crude oil prices stabilize downward, India’s external account position is expected to remain firm and well-managed.
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