New Delhi, April 26 -- In a significant development for the Indian gem and jewellery industry, the Authorized Economic Operator (AEO) status has been extended to the sector.
This breakthrough follows efforts by the Gem & Jewellery Export Promotion Council (GJEPC) in collaboration with the Ministry of Finance.
The AEO program, introduced as a pilot project in 2011, is a crucial part of the broader ease of doing business initiative, aimed at simplifying export operations and reducing time and cost for exporters.
Despite its benefits, the gem and jewellery sector was initially denied participation in the AEO program.
However, the Ministry of Finance has communicated that units within the sector are now eligible to apply for partici...