Gems and jewellery exporters reel as US tariffs kick in; seek urgent govt relief, Surat jobs in risk
India's gems and jewellery industry faces a crisis as the US imposes 50% tariffs, disrupting diamond exports. The GJEPC urges the Centre for immediate relief, including credit extensions and moratoriums, to cushion exporters. With potential job losses in Surat, the council seeks policy and monetary interventions, hoping for a swift resolution considering the broader India-US relationship.
India's gems and jewellery industry faces a crisis as the US imposes 50% tariffs, disrupting diamond exports. The GJEPC urges the Centre for immediate relief, including credit extensions and moratoriums, to cushion exporters. With potential job losses in Surat, the council seeks policy and monetary interventions, hoping for a swift resolution considering the broader India-US relationship. What's Your Reaction?
