From Global to Local: SEEPZ Jewellers Seek to Dazzle Indian Market

In a move to counteract recent export setbacks, Mumbai's Santacruz Electronics Export Processing Zone (SEEPZ) jewellery exporters want the government to permit them to sell their output in the home market. The move comes amid the industry suffering setbacks from envisaged US reciprocal tariffs and a...

In a move to counteract recent export setbacks, Mumbai's Santacruz Electronics Export Processing Zone (SEEPZ) jewellery exporters want the government to permit them to sell their output in the home market. The move comes amid the industry suffering setbacks from envisaged US reciprocal tariffs and an ailing world economy. Exporters are confident that access to the domestic market would offset losses and maintain the level of output. Industry sources note that the shift would not only maintain thousands of jobs but also give Indian consumers access to high-quality export-grade jewellery. The government is weighing the initiative, weighing the potential gains against existing rules on Special Economic Zones. If allowed, the shift would be a radical shift in India's policy on jewellery export and give the industry a welcome shot of confidence. Source: The Economic Times