The Gem & Jewellery Export Promotion Council (GJEPC) honoured Union Commerce & Industry Minister Shri Piyush Goyal and Minister of State Shri Jitin Prasada following the conclusion of the India–US Interim Trade Agreement, describing it as a timely boost for exporters.
A GJEPC delegation, led by Chairman Shri Kirit Bhansali, met the ministers in New Delhi on 11 February 2026 along with senior trade representatives to deliberate on improving export prospects and strengthening the business climate for the sector. The group included Shri Anoop Mehta (Diamond Panel), Shri Mital Doshi (Banking, Insurance & Taxation), Shri Antarpal Singh Sawhney (Northern Region), and Shri K.K. Duggal (Policy). Notable industry members such as Shri Govind Dholakia (SRK & MP, Rajya Sabha), Shri Milan Parikh (Mahendra Brothers) and Shri Alkesh Shah (Goldstar Jewellery) were also present.
Industry leaders noted that the agreement significantly alters trade dynamics between the two countries. With import duties on Indian diamonds and gemstones reduced to zero and jewellery tariffs lowered to 18%, exporters are expected to regain pricing competitiveness in the US — one of India’s largest overseas markets. The development has also strengthened sentiment across the trade.
At a broader interaction with representatives from 35 Export Promotion Councils and trade bodies, Minister Goyal encouraged businesses to make full use of recently concluded Free Trade Agreements. He urged companies to explore newer geographies, elevate product quality and enhance efficiency to take advantage of preferential market access in advanced economies.
He emphasised that these agreements are intended to drive employment, assist MSMEs and widen the global reach of Indian goods and services. Industry associations across sectors — including gems & jewellery, textiles, engineering goods, leather, chemicals and handicrafts — welcomed the government’s continued engagement with international markets and support through export-promotion initiatives.