Fighting hard for gem, jewellery sector to get 5% duty concession: Piyush Goyal

Union Minister of Commerce and Industry Piyush Goyal visited SEEPZ (Santacruz Electronics Export Processing Zone) in Mumbai on September 23, as part of ‘AzadiKaAmritMahotsav’.“I'm confident that with everyone's cooperation, SEEPZ can be made modern and world-class. We can think of a public-private partnership scheme whereby industry units who revamp their properties can be given exemption from rent revision for 10 years,” said Union Minister Piyush Goyal. Goyal said he is ‘fighting hard’ for the gem and jewellery sector to get 5 per cent duty concession which they are currently charged in UAE, as part of the Early Harvest Agreement. The Minister also stated that more Free Trade Agreements are being finalized with UK, UAE, Australia and EU, to try and provide more market access to exporters.