National News

SRK Group launches marks 61st anniversary by launching two solar energy projects

Shree Ramkrishna Exports(SRK), a global leader in the natural diamond industry, marked its 61st anniversary with the grand celebration of “Parivarotsav 2025”, showcasing its commitment to values, sustainability and people-centric growth.

Published

1 year ago

April 22, 2025

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As part of its 61st anniversary celebrations under the banner of “Parivarotsav 2025,” SRK Group inaugurated two new solar power facilities:6 MW Solar Power Plant – Located in Akala village and 0.814 MW Solar Power Plant – Located in Amod.These installations will directly supply renewable energy to SRK’s diamond manufacturing units, SRK Empire and SRK House, both of which are equipped with state-of-the-art infrastructure. The project represents a major step forward in SRK’s long-term strategy for environmental stewardship.

Union Minister for Labour & Employment Mansukh Mandaviya commended SRK’s role in nation-building and environmental responsibility, saying, “In India, service is a cultural value, and the spirit of family sustains our traditions. SRK’s Parivarotsav showcases how collective identity and family values can drive corporate and societal progress.”

Speaking at the event, SRK Group Founder & Chairman Govindbhai Dholakia said, “Our growth has been guided by purity in purpose and lifestyle. In our organization, no one is addicted or exploitative. This disciplined, simple way of working is what drives our continued success.”

In a demonstration of its deep-rooted commitment to employee care, SRK Group announced financial support of Rs. 20 lakh to the families of employees who passed away unexpectedly. This initiative reflects SRK’s dedication to fostering a family-oriented, compassionate workplace culture.

National News

GJEPC, IndusInd Bank Host Webinar On FEMA Guidelines For GJ Exporters

Webinar Outlined How The Updated Regulatory Framework Enhances Operational Ease While Adjusting Key Trade Timelines.

Published

6 hours ago

October 19, 2026

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GJEPC in association with IndusInd Bank, held a joint online webinar aimed at explaining the revised Foreign Exchange Management Act (FEMA) guidelines and their direct operational impact on the gem and jewellery trade.

The interactive session featured key industry figures and financial experts, including Prakash Kumar Rath (Head – Gems, Jewellery and Diamond Division, IndusInd Bank), Mital Doshi (Convenor – Banking, Insurance and Taxation Sub-committee, GJEPC), and Sumit Dolwani (Manager – Trade Policy, GJEPC). Together, they outlined how the updated regulatory framework enhances operational ease while adjusting key trade timelines.

Shorter Export Realisation Periods: Timelines for foreign currency invoices have been adjusted from 12 months down to 9 months, while Rupee invoices have been revised from 15 months down to 12 months.

Greater Flexibility for Extensions: Authorised Dealer (AD) banks can now grant time extensions based on individual transaction circumstances, significantly reducing the requirement for routine Reserve Bank of India (RBI) referrals.

Revised Import Payment Timelines: Import payments will now be governed primarily by commercial contracts, replacing the former rigid six-month and 360-day restrictions.

Greater Discretion on Advance Payments: Banks have been given enhanced flexibility in framing internal policies for advance remittances instead of strictly adhering to fixed monetary thresholds.

Flexibility in Third-Party Payments: Third-party payments are now permitted subject to prescribed regulatory conditions and the satisfaction of the AD bank.

Simplified Handling of Pending Cases: AD banks can directly resolve outstanding EDPMS and IDPMS cases without needing to refer every individual matter to the RBI.

Speakers emphasized that exporters must maintain precise records and complete supporting documentation for all transactions, including those monitored through EDPMS and IDPMS.