New Delhi, Nov 28 (KNN) Gems and Jewellery Export Promotion Council (GJEPC) on Monday urged the government to come up with a comprehensive gold policy framework to make the labour intensive gold industry organized.

This demand comes forward ahead of the country’s first-ever gold and jewellery summit which will be held on December 1-2 in New Delhi.

K. Srinivasan, convener, Jewellery Panel, GJEPC in a press interview said that the comprehensive gold policy framework is needed to make India a global hub for gems and jewellery, and increase exports.

The policy will also ensure transparency and trust amongst key stakeholders including consumers. He added that framework will also improve the supply chain efficiency and facilitate requisite delivery standards.

Praveen K Pandya, Chairman, GJEPC raised that the sector is in need of a comprehensive gold policy with one authority, reduction of import duty on gold from 10% to 4% to make the fragmented gold jewellery sector more organised. (KNN/AG)