The Gem & Jewellery Export Promotion Council (GJEPC) has urged the Government of India to introduce immediate relief measures to cushion the industry from the effects of the steep 50% tariff recently imposed by the United States.

A delegation led by GJEPC Chairman Kirit Bhansali, Vice Chairman Shaunak Parikh, and Executive Director Sabyasachi Ray met Union Finance and Corporate Affairs Minister Nirmala Sitharaman on Wednesday to present a set of proposals aimed at safeguarding jobs, ensuring business continuity, and preserving the global competitiveness of Indian exporters.

“We are pleased that India–U.S. trade discussions have resumed, which is encouraging news. However, the process may take time, and until a resolution is achieved, it is essential to introduce relief measures to help the sector survive and sustain employment,” said Bhansali after the meeting.

The Council recommended allowing SEZ units to undertake reverse job work and DTA sales to keep artisans and factories engaged, extending export obligation periods for U.S.-bound shipments, and providing an interest moratorium on packing credit and working capital loans to ease liquidity pressures. Recognition of the India Jewellery Park as an industrial park—making it eligible for infrastructure-related benefits—was also among the key requests.

Bhansali also thanked the Finance Minister for the landmark GST reforms that have benefitted the sector and reiterated the industry’s commitment to sustaining exports and employment.

The Finance Minister assured the delegation of her support, emphasizing the government’s resolve to protect jobs, maintain export momentum, and bolster the sector during this period of uncertainty.