GJF also wants to remove Gold from Thailand FTA list

The Gems and Jewellery Trade Federation also suggested several ways to preserve valuable forex (Foreign exchange) by opening hidden reserve within the country, cutting the imports of gold by carrying duplication off is use of gold instruments, bringing in methods of reduction in hoarding of gold, etc.

All India Gems and Jewellery Trade Federation (GJF) has showed their gratitude for the Government's plan to get rid of Gold imports from Thailand under the Free Trade Agreement. With a possibility of keen enhance in Imports of jewellery taking place from Thailand, with non-compliance to added value conditions, the GJF urged to the government that gold could be withdrew from the FTA list.

The All India Gems and Jewellery Trade Federation Chairman Bachhraj Bamalwa of All India Gems and Jewellery Trade Federation said, "Realizing how is gold an area of focus for the finance ministry, we appreciate this decision of the Finance Ministry that will help India overcome the balance of trade position".

"We wish to continue our dialogue with the Finance Minister to apprise him of more measures to help resolve the forex situation", he also added. Haresh Soni the Incoming Chairman of GJF recalled "upholding our efforts to bring about better business for the trade, GJF Expects to make convinced contribution the Gems and Jewellery sector through positive improvements in operations."

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23rd, Jan 2013 6:39 AM
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