National News
GJEPC Congratulates Commerce Department Officials on Landmark India–EU FTA
Industry body lauds leadership of Commerce Ministry officials for steering historic trade agreement with far-reaching impact on export sectors
The Gem & Jewellery Export Promotion Council (GJEPC) extended its congratulations to senior officials of the Department of Commerce following the successful conclusion of the landmark India–EU Free Trade Agreement, described as the “mother of all trade deals.”
On 29 January in New Delhi, Sabyasachi Ray, Executive Director, GJEPC, met Rajesh Agarwal, Commerce Secretary, Department of Commerce, Ministry of Commerce and Industry, along with Saket Kumar, Joint Secretary, Department of Commerce, Ministry of Commerce and Industry. During the meeting, Sabyasachi Ray congratulated the officials for their pivotal role in steering the complex negotiations that culminated in the signing of the comprehensive trade pact.
He acknowledged the direct involvement and leadership of the Commerce Department officials in advancing discussions related to market access, tariff rationalisation, and trade facilitation. He highlighted that their efforts were instrumental in addressing long-standing concerns of Indian exporters and in creating a more competitive framework for bilateral trade with the European Union.
The interaction also provided an opportunity to reflect on the strategic importance of the India–EU FTA for India’s export-oriented industries, particularly the gems and jewellery sector. The agreement is expected to enhance market access, improve ease of doing business, and strengthen India’s position in global value chains, while opening new growth avenues for exporters across multiple sectors.
source : GJEPC
National News
BIS Introduces The Silver Refinery Certification Scheme; Framework Introduces “India Good Delivery For Silver”
Buyers, Institutional Investors, and Jewelers Are Guaranteed Strict Adherence To Exact Quality, Testing, and Traceability Standards. Silver From Any BIS-Approved Refinery Ensures A Verified Fineness and Purity
The Bureau of Indian Standards (BIS) has officially prioritized the domestic bullion sector by introducing the Silver Refinery Certification Scheme, that involved critical inputs and efforts by IBJA.
Mirroring the long-established certification ecosystem for gold, this framework introduces a structured “India Good Delivery for Silver” standard specifically tailored for silver bars and coins.
Buyers, institutional investors, and jewelers are guaranteed strict adherence to exact quality, testing, and traceability standards. Silver from any BIS-approved refinery ensures a verified fineness and purity.
Surendra Mehta, National Secretary- IBJA, said:
“BIS is introducing the Silver Refinery Certification Scheme, an initiative that involved critical inputs and efforts by IBJA. Mirroring the long-established certification ecosystem for gold, this framework introduces a structured India Good Delivery for Silver. Now, silver from any BIS-approved refinery ensures a verified fineness and purity. This will gradually end the impure silver bar market.”
Market structures have already evolved alongside this rollout. The Multi Commodity Exchange (MCX) aligned its exchange delivery protocols to accept BIS-standard domestic silver, allowing empanelled Indian refiners to fulfill physical delivery contracts directly on the exchange.
By formalizing the local refining of silver (including silver recovered as a by-product of gold dore), this scheme strengthens the domestic precious metals ecosystem in line with Aatmanirbhar Bharat objectives
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National News6 hours agoBIS Introduces The Silver Refinery Certification Scheme; Framework Introduces “India Good Delivery For Silver”
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National News8 hours agoAspect Bullion & Refinery Launches “India’s Biggest Gold Fest” With Zero Making Charges On Gold Coins and Bars
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National News8 hours agoGJEPC, ECGC Programme Underlines Recent Changes In Export Credit Insurance For The GJ Sector.
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