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GJEPC Highlights Industry Priorities in Meeting with Hon’ble FM Nirmala Sitharaman

Focus on SNZ Expansion, Trade Shift Opportunities and Policy Support to Boost India’s Global Competitiveness

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A GJEPC delegation met Union Finance Minister Nirmala Sitharaman in New Delhi on 27th March 2026 to discuss matters concerning the industry. The Council delegation, led by Kirit Bhansali, Chairman, GJEPC, also included Shaunak Parikh, Vice Chairman, GJEPC; Sabyasachi Ray, Executive Director, GJEPC; and K.K. Duggal, Director – Policy, GJEPC.

A key focus of the discussions was on expanding the scope of Special Notified Zones (SNZs) and leveraging the ongoing Gulf crisis as an opportunity to shift diamond and gold trading activity to India from hubs such as Dubai and Antwerp, with stakeholders viewing India as a stable alternative. The delegation also proposed the temporary relocation of jewellery and diamond stocks to India in Customs Bonded Warehouses.

Broader discussions covered the impact of global trade disruptions, challenges faced by exporters, and the need for supportive policy measures to enhance competitiveness, improve ease of doing business, and encourage investment and infrastructure development within the sector.

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Kantilal Jewellers, Launches Flagship Showroom At  Vastrapur, Ahmedabad

Marking Its First Expansion Outside Surat, The Massive Three-Story Space Is The Brand’s Largest Retail Destination To Date.

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Surat-based Kantilal Jewellers, a legacy brand established in 1948, has expanded beyond its home base with the launch of a 28,000 sq. ft. flagship showroom at Keshavbaug Capital, Vastrapur, Ahmedabad.

Marking its first expansion outside Surat, the massive three-story space is the brand’s largest retail destination to date.

Palatial Architectural Concept: The store design takes inspiration from Jodhpur Palace, featuring Jharokha-style screens, marble passageways, domed skylights, chandelier lounges, and a central atrium linking all three levels.

Experiential Studio Retail: Departing from traditional counters, the showroom offers private studio spaces, VIP viewing areas, and dedicated experience centers.

Ambient Luxury: The shopping experience is elevated by live sitar and guitar performances alongside personalized consultation lounges.

Product Offering: The flagship showcases the brand’s signature gold, diamond, and bridal collections tailored for the Ahmedabad market.

Led by Director Jinay Choksi, this flagship rollout is a strategic move to establish a distinct, experiential luxury footprint across major Gujarat markets while preserving the heritage of the Kantilal brand.

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