National News
GJSCI Signs MoU with APSSDC in Andhra Pradesh
The Gem & Jewellery Skill Council of India (GJSCI) has signed a Memorandum of Understanding (MoU) with the Andhra Pradesh State Skill Development Corporation (APSSDC) to implement skill training programmes.
The collaboration will encompass Short-Term Training programs, upskilling modules, and Recognition of Prior Learning assessments, designed to enhance talent development in the gems and jewellery sector. Through these structured interventions, the partnership aims to equip youth and existing workers and artisans with industry-relevant competencies, expand employment opportunities, and also focus on women’s empowerment by working with SHG members.
The MoU was formally exchanged in Visakhapatnam on 14 November 2025. G. Ganesh Kumar, IAS, Managing Director & CEO, APSSDC, and Rajeev Garg, Executive Director & CEO, GJSCI, represented their respective organisations during the ceremony. The partnership reinforces a shared commitment to promoting high-quality skill development, enhancing the state’s skill ecosystem, and supporting economic growth through specialised training and skill upgradation initiatives.
Andhra Pradesh has a long tradition of both gold jewellery and imitation jewellery manufacturing and retail. Districts like Mangalagiri have an old gold jewellery cluster, and the present Government is working towards establishing a jewellery park there.
National News
GJC welcomes RBI’s 25 basis point repo rate cut
Seen as a boost to economic growth and sectoral stability
The All India Gem and Jewellery Domestic Council (GJC) welcomes the Reserve Bank of India’s announcement of a 25 basis point cut in the key repo rate. This progressive and timely measure reflects the Hon’ble Prime Minister and the Finance Minister’s commitment to strengthening India’s economic environment.
The gem and jewellery sector, a vital contributor to employment and exports, will benefit significantly from this reduction in interest rates. Lower borrowing costs and improved liquidity will ease financial pressures, enhance business confidence, and support growth across the trade.
Rajesh Rokde, Chairman of GJC, said: “We sincerely appreciate the Government of India and the RBI for this supportive move. The repo rate cut will help the trade stabilise, sustain, and grow in the coming months. It is a welcome relief for our industry and will encourage investment, strengthen retail demand, and create a more conducive environment for expansion.”
Avinash Gupta, Vice Chairman of GJC, added: “This decision demonstrates the government’s proactive approach to nurturing economic growth. By easing financial pressures, the RBI has created an enabling environment for businesses in the gem and jewellery sector to flourish. We urge all our fellow members nationwide to take note of this positive development and utilise the benefit effectively, especially small and medium enterprises that form the backbone of our industry.”
The GJC believes this move will have a cascading positive impact across allied industries, empowering artisans, manufacturers, wholesalers, and retailers. With improved liquidity, jewellers will be better positioned to meet consumer demand during the upcoming festive and wedding seasons, further contributing to India’s economic momentum.
The Council reiterates its gratitude to the Government of India and the Reserve Bank of India for their continued support. This measure will strengthen the sector’s resilience and long-term growth, reinforcing India’s position as a global leader in gems and jewellery.
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