The Gem & Jewellery Export Promotion Council (GJEPC) has welcomed the Reserve Bank of India’s latest trade relief measures, calling them a much-needed intervention for an industry that relies heavily on export-driven operations and significant working capital.
In recent months, the Council had urged the central bank to consider easing interest burdens and offering flexibility on export credit. With many exporters, especially those dealing in diamonds and diamond jewellery are facing longer payment cycles from key markets such as the United States, liquidity has grown increasingly strained across the sector.
RBI’s package arrives at a crucial moment, introducing several steps designed to ease operational stress. These include extending export credit duration to 450 days, lengthening the export realisation window from nine to fifteen months, and allowing shipments against advance payments for up to three years. The moratorium on instalments for term loans and interest on working capital further strengthens the relief.
Kirit Bhansali, Chairman of GJEPC, noted that these changes bring welcome reassurance at a time when global trade remains unpredictable. He highlighted that the measures will help exporters manage cash flow pressures, maintain financial discipline, and continue operations with renewed confidence.