National News
GJEPC & IIBX Discuss Easier Bullion Imports, MSME Schemes at Ambala Outreach
Industry Outreach Highlights Streamlined Bullion Sourcing, MSME Benefits and Wider Access to IIBX for Jewellers
GJEPC’s Delhi Regional Office, in collaboration with the India International Bullion Exchange (IIBX) and Sarafa Association, Ambala City, successfully hosted an outreach session on “Bullion Procurement through IIBX and Benefits of MSME Scheme” on 16 December.
Ashutosh Srivastava, Regional Director – North, GJEPC, welcomed Mukesh Sharma, Head – Business Development, IIBX; Meenu Dhiman, Assistant Director, DFO, MSME, Karnal; and Naresh Aggarwal, President, Sarafa Association.
This event gathered jewellers, bullion traders, and Tariff Rate Quota (TRQ) holders to discuss the evolving landscape of bullion procurement, import processes, and hedging strategies via IIBX, which promotes transparency and ease of doing business. A major highlight was the reduction of the net worth criteria for eligible jewellers to INR 15 crores, broadening access to the exchange.
GJEPC representatives showcased major initiatives like IIJS Bharat and IJEX and stressed the importance of the Authorised Economic Operator (AEO) program and Trade Connect for boosting global competitiveness. The MSME department also highlighted various schemes to empower jewellers with financial and skill development opportunities. The session aimed to help the industry enhance operational efficiency and leverage market opportunities.
Source: GJEPC
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