Good news for exporters, jewellery hand carriage facilitation centre opened at Terminal 2 of Mumbai international airport
Recognising the strategic importance of enabling seamless hand carriage, GJEPC secured and equipped a dedicated space at the airport. With the premises now officially notified as a customs area and Bharat Diamond Bourse appointed as custodian, the centre is fully operational, offering 24x7 services for jewellery hand carriage exports and imports.
The launch of this dedicated facility follows a push by the GJEPC to address logistical and regulatory challenges associated with high-value, hand-carried gem and jewellery consignments.
Mumbai, which accounts for nearly 65%–70% of India's gem and jewellery exports, saw shipments worth $19.65 billion from the western region in 2024–25.
You Can Also Check:
Mumbai AQI
|
Weather in Mumbai
|
Bank Holidays in Mumbai
|
Public Holidays in Mumbai
Ashok Gajera, managing director of Laxmi Diamond, one of the largest export houses, said, "The new centre provides a single-window clearance system with integrated support from Mumbai Customs, CISF, police, and airport authorities. It will streamline high-value exports, reduce paperwork, and significantly cut turnaround time, offering exporters both transparency and operational ease."
Gajera explained that earlier when there were orders from clients, jewellery or samples would have to be exported, and the businessman would fly out later once the jewellery reached the destination. This, he said, was not only a "time-consuming affair" but also a "tedious one".
GJEPC chairman Kirit Bhansali said, "This milestone is part of the council's wider commitment to ease of doing business. Alongside the e-commerce channel, hand carriage will prove vital for MSMEs and for high-value shipments, especially to FTA partner nations, such as UAE under CEPA, Australia under ECTA, and the UK.
It's faster, more cost-effective, and flexible — ideal for urgent global orders."
Personal carriage of jewellery for export is currently permitted at nine locations under India's Foreign Trade Policy — Mumbai, Delhi, Kolkata, Chennai, Kochi, Coimbatore, Bengaluru, Hyderabad, and Jaipur. Imports are allowed at seven airports. However, fully operational hand carriage centres are presently available only in Delhi, Mumbai, Kolkata, and Jaipur. GJEPC noted that this facility is part of a broader rollout across nine Indian cities, in alignment with the govt's thrust on improving export competitiveness and simplifying procedures.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
23 minutes ago
- Economic Times
Stock Market LIVE Updates: Sensex gains over 200 pts, Nifty above 24,850; L&T leads gainers
Sensex Today | Stock Market LIVE Updates: On the sectoral front, Nifty FMCG, Media, Metal, and Pharma traded slightly higher. In broader markets, Nifty Midcap 100 slipped, while Smallcap 100 edged up. Uncertainty over India's interim trade deal with the U.S. ahead of President Trump's August 1 deadline weighed on sentiment. India is bracing for higher U.S. tariffs of 20–25% on some exports, government sources told Reuters. The Indian market closed higher in the previous session, breaking a three-day losing streak, as value buying in heavyweight stocks like Reliance Industries and HDFC Bank helped lift investor sentiment. Sensex Today | Stock Market LIVE Updates: Indian equity benchmark indices, Sensex and Nifty traded marginally higher on Wednesday, supported by strong earnings from Larsen & Toubro, boosting investor sentiment. However, upside was limited amid caution ahead of the U.S. Fed's policy decision and lingering uncertainty over the delayed India-U.S. trade agreement. Sensex Today | Stock Market LIVE Updates: Sensex gains over 200 pts Sensex Today | Stock Market LIVE Updates: BSE market statistics Sensex Today | Stock Market LIVE Updates: Bank of India shares jump 3% after Q1 net profit surges 32% YoY Stock Market LIVE Updates: Stocks to buy in 2025 for long term: Lodha Developers, Gravita among 5 stocks that could give 10-50% return We have collated a list of recommendations from top brokerage firms from ETNow and other sources. Brokerages remain bullish on select stocks across sectors, highlighting strong fundamentals and potential for meaningful upside for the next 12 have collated a list of recommendations from top brokerage firms from ETNow and other sources. Here's the list Sensex Today | Stock Market LIVE Updates: Top movers so far Sensex Today | Stock Market LIVE Updates: Last day to buy BPCL, Coforge, other stocks to qualify for dividends ahead of record date tomorrow Balkrishna Industries– Rs 4 per share Carborundum Universal– Rs 2.5 per share Chembond Material Technologies– Rs 1.75 per share Cheviot Company– Rs 5 per share Godrej Agrovet– Rs 11 per share Click here to know more Apart from BPCL and Coforge, several other companies have also announced dividends and will trade ex-dividend starting tomorrow. These include: Sensex Today | Stock Market LIVE Updates: Varun Beverages shares rally over 4% after Q1 profit jumps 81% sequentially IPO Updates | NSDL raises Rs 1,201 crore from anchor investors ahead of IPO National Securities Depository Limited garnered Rupees 1,201 crore from anchor investors before its initial public offering. The IPO opens for subscription today. Life Insurance Corporation of India is the largest anchor investor. Other global and domestic institutions also participated. The IPO is entirely an offer for sale. NSDL reported revenue of Rupees 1,420 crore in fiscal year 2025. Read more Sensex Today | Stock Market LIVE Updates: MCX to review Q1 results and consider share split on August 1 MCX will hold a board meeting on August 1 to review Q1FY26 results and consider a share split proposal. Ahead of the meeting, it launched Cardamom Futures contracts to aid farmers. MCX holds a 98% share in India's commodity derivatives market. Read more Sensex Today | Stock Market LIVE Updates: Top gainers and losers in the early trade Sensex Today | Stock Market LIVE Updates: Tata Motors set to acquire Italian truck maker Iveco for $4.5 billion in its biggest deal to date Mumbai: Tata Motors is all set to buy Italian truck maker Iveco from its principal shareholder, the Agnelli family, for $4.5 billion (3.9 billion, making it the Tata Group's second-largest acquisition after Corus and the largest ever for the automobile major, people aware of the discussions told ET. Read more Sensex Today | Stock Market LIVE Updates: Nifty sectoral indices FOREX LIVE Updates: Indian central bank likely selling dollar to cap rupee's losses, traders say The Indian central bank likely stepped in to support the rupee on Wednesday, five traders told Reuters, as worries over higher U.S. tariff rates on Indian exports pushed the currency to an over four-month low. Indian rupee falls 17 paise to 87.08 against US dollar in early trade. (Source - Reuters) (Source - Reuters) Sensex Today | Stock Market LIVE Updates: Positive Breakout- These 6 stocks close cross above their 200 DMA In the Nifty500 pack, six stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on July 29, according to technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend. Read more Sensex Today | Stock Market LIVE Updates: RIL plans to sell 5% Jio Telecom unit in a potential $6 billion listing: Report Reliance Industries Proposing To Sell Just 5% Of Jio Telecom Unit In A Potential Listing That May Raise More Than $6 Billion- Bloomberg News Sensex Today | Stock Market LIVE Updates: L&T shares rise over 4% as the company reported a 30% YoY jump in cons net profit for the June quarter Sensex Today | Stock Market LIVE Updates: Dilip Buildcon shares zoom 7% after Q1 profit surges 94% YoY to Rs 271 crore Sensex Today | Stock Market LIVE Updates: Bank of India shares jump 3% after Q1 net profit surges 32% YoY Sensex Today | Stock Market LIVE Update | Ola Electric, Tata Motors among top movers in morning trade Sensex Today | Stock Market LIVE Updates: Market timing has little impact on SIP returns: Motilal Oswal MF study A study by Motilal Oswal Mutual Fund offers a key takeaway: SIP returns tend to be nearly identical, regardless of whether investments begin at market highs or lows. The findings show that investors starting SIPs during periods of high or low market valuations ultimately earned similar long-term returns. Pratik Oswal emphasizes that timing the market shouldn't be a concern when it comes to SIPs. Opening Bell: Sensex rises over 50 pts, Nifty above 24,800; Airtel, BEL gain 1% each Sensex Today | Stock Market LIVE Updates: India's top nine private banks report 2.7% profit growth in Q1 amid economic challenges India's leading private sector banks reported a slowdown in profit growth for the June quarter, with combined net profit rising 2.7% year-on-year to ₹43,641 crore. The muted performance was attributed to sluggish credit and deposit growth, which weighed on core earnings. However, treasury gains provided some cushion to profitability. Banks like Axis Bank and Kotak Mahindra Bank posted relatively subdued results during the period. Sensex Today | Stock Market LIVE Updates: Is Bajaj Finance's decline a sign of looming crisis in India's NBFC sector? The decline in Bajaj Finance's stock underscores rising stress in sectors catered to by NBFCs, such as microfinance and MSMEs. While banking system liquidity has improved, asset quality remains under pressure amid increasing NPAs. Notably, even typically stable segments like loans to doctors are showing signs of strain. Analysts are now looking to the upcoming festive season, hoping that a boost in consumer spending will ease pressure on loan repayments and support asset quality for NBFCs. Sensex Today | Stock Market LIVE Updates: Why investors are turning to arbitrage funds amid high stock valuations? Arbitrage funds are drawing increased interest from investors looking for equity exposure without the risk of steep valuations. With assets under management witnessing strong growth, these funds exploit price discrepancies between the cash and futures markets to maintain a market-neutral stance. Their tax efficiency and relatively low risk have made them popular among HNIs, family offices, and retail investors. As a result, arbitrage funds have delivered competitive returns while keeping volatility in check. Sensex Today | Stock Market LIVE Updates: Can M&B Engineering's IPO deliver strong returns for investors? M&B Engineering is set to raise ₹650 crore through its IPO, comprising a fresh issue and an offer for sale, to support expansion plans and reduce debt. Known for its AISC-certified pre-engineered building (PEB) facility and strong profit margins, the company will see a reduction in promoter shareholding following the listing. Sensex Today | Stock Market LIVE Updates: NSDL offers long-term play in a growing capital market National Securities Depository (NSDL) is planning to raise funds through an offer for sale (OFS). The depository's IPO is expected to be valued lower than that of its peer, Central Depository Services (CDSL). NSDL primarily serves institutional clients and has seen steady growth in total income and net profit between FY23 and FY25. The offering comes amid rising demat account penetration in India, reflecting strong annual growth trends. Sensex Today | Stock Market LIVE Updates: Jio Financial board to discuss fundraise plans today Jio Financial Services is exploring multiple fundraising options, including equity shares, warrants, or a qualified institutional placement (QIP), following a board meeting on Wednesday. The promoters, including the Ambani family, are expected to raise their stake to 51% through a preferential issue priced at ₹318 per share, potentially bringing in ₹8,000 crore. Sensex Today | Stock Market LIVE Updates: Oil steady after big gains on Trump's Russia ultimatum Oil prices edged higher in early Wednesday trading, extending gains of over 3% from the previous session. The rally was driven by renewed concerns over potential supply shortages after U.S. President Donald Trump issued a shortened deadline to Moscow to end the war in Ukraine. Sensex Today | Stock Market LIVE Updates: Euro hovers near one-month lows after trade deal, focus switches to Fed The euro held near its one-month low on Wednesday, recovering slightly after sharp losses earlier in the week. Investors weighed the implications of the U.S.-EU trade pact and awaited key policy decisions from the Federal Reserve and the Bank of Japan. Sensex Today | Stock Market LIVE Updates: US Equities close lower as earnings weigh; Fed statement on tap U.S. stocks ended lower on Tuesday, with the S&P 500 and Nasdaq retreating from record highs following weaker-than-expected corporate earnings. Disappointing results from UnitedHealth and Boeing weighed on the Dow. Investors remain cautious ahead of the Federal Reserve's policy statement, as mixed economic data adds to market uncertainty. Sensex Today | Stock Market LIVE Updates: Gold holds steady ahead of Fed policy statement Gold prices held steady as investors looked ahead to the Federal Reserve's policy statement for clues on the timing of potential rate cuts. Attention also stayed on U.S.-China trade negotiations ahead of the August 1 deadline, with officials pushing for an extension of the tariff truce. Meanwhile, market participants are closely watching upcoming U.S. economic data, including GDP figures. Sensex Today | Stock Market LIVE Updates: Wegovy maker Novo's profit warning triggers $70 billion share rout Novo Nordisk's market value plunged by $70 billion after issuing a profit warning and announcing Maziar Mike Doustdar as its new CEO. The company cut its 2025 sales growth forecast, citing weaker-than-expected demand in the U.S. market, especially for its key drugs Wegovy and Ozempic. Doustdar now faces the pressing task of revitalizing the company's performance in the U.S. market. Asian Market LIVE Updates: Asian shares mixed at open before Fed's meeting Asian equities traded mixed as investors remained cautious ahead of the Federal Reserve's policy decision, while limited progress in US-China trade talks failed to lift market sentiment. Sensex Today | Stock Market LIVE Updates: Stocks in news: IndiGo, Hyundai, L&T, JSW Steel, NTPC Shares of Power Grid, IndiGo, Tata Steel, Hyundai, and PNB will be in the spotlight as these companies are set to announce their first-quarter earnings. GIFT Nifty LIVE Updates: GIFT Nifty (Earlier SGX Nifty) signals a muted start GIFT Nifty on the NSE IX traded lower by 17 points, or 0.07 per cent, at 24,822.50, signaling that Dalal Street was headed for muted start on Wednesday. Sensex Today | Stock Market LIVE Updates: Ahead of Market: 10 things that will decide D-Street action on Wednesday Indian markets bounced back on Tuesday after a three-day losing streak, supported by value buying in heavyweights like Reliance and HDFC Bank. While overall sentiment remained cautious amid FPI outflows and uncertainty over the US trade deal, most sectors closed in the green, with metals and pharma leading the gains. Read more Sensex Today | Stock Market LIVE Updates: Sensex, Nifty on Tuesday Indian equities broke a three-day losing streak on Tuesday, as benchmark indices gained ground amid value buying in blue-chip stocks like Reliance Industries and HDFC Bank. This helped ease investor worries over continued foreign fund outflows and uncertainty surrounding a potential trade deal with the United States. Read more
India.com
26 minutes ago
- India.com
THIS Indian company bags MASSIVE order in Middle East, company's hydrocarbon offshore business secures order..., project likely to...
THIS Indian company bags MASSIVE order in Middle East, company's hydrocarbon offshore business secures order..., project likely to... New Delhi: In a major development, Larsen & Tourbo Energy Hydrocarbon Offshore has secured an huge order worth from an unnamed Middle Eastern entity. According to the company, Larsen & Tourbo has classified the order under its 'ultra-mega' category, implying that the order value is more than Rs 15,000 crore. It is important to note that the company's hydrocarbon offshore business vertical will take up engineering, procurement, construction (EPC) and installation of offshore structures, along with the upgradation of existing facilities under the order. This order collectively includes multiple offshore packages. 'This ultra-mega order is a testament to the speed and precision with which the Hydrocarbon Offshore business vertical delivers complex projects across the globe, while adhering to world-class safety practices,' L&T said in a stock exchange filing. Larsen & Toubro (L&T) Larsen & Toubro (L&T) on Tuesday posted a robust set of numbers for the first quarter of the fiscal year 2025-26 (FY26), recording double-digit growth in both bottomline and topline. L&T's Q1 consolidated net profit (attributable to owners) stood at Rs 3,617.19 crore, as against Rs 2,785.72 crore in the same period last year, recording a growth of 29.8% year-on-year. The company reported a 16 percent YoY jump in its June quarter revenue to Rs 63,679 crore on healthy execution witnessed in its key Projects & Manufacturing (P&M) portfolio. International revenues during the quarter stood at Rs 32,994 crore, constituting 52% of the total revenues.
India.com
26 minutes ago
- India.com
Mukesh Ambani is the richest man in India, but who's the richest in Pakistan, Nepal, Bangladesh and Sri Lanka? Here's how they make their fortune
Reliance gets huge business of... starts venture with world's largest asset manager, its name is..., Mukesh Ambani's earnings to go up by... Mukesh Ambani is the richest person in India right now. His net worth is around Rs. 9.20 lakh crore. He is also the wealthiest person in Asia and ranks 17th among the richest people in the world. Ambani is the Chairman and Managing Director of Reliance Industries, a huge business group that works in many areas like oil and gas, retail, telecom, new energy, textiles, and technology. That's about India's richest man. But have you ever wondered, who are the richest people in India's neighbouring countries like Pakistan, Nepal, Sri Lanka, and Bangladesh? Let's take a quick look and find out who holds the top spot in each of these countries. Pakistan – Shahid Khan The richest person from Pakistan is Shahid Khan. He holds dual citizenship in Pakistan and the US and lives in the United States. Shahid Khan owns the automobile parts company Flex-N-Gate and is also the owner of the Jacksonville Jaguars, an American football team in the NFL. His current net worth is around Rs. 1.18 lakh crore (Indian currency). Shahid Khan moved to the US and bought Flex-N-Gate from his former employer in 1980. Since then, his wealth has grown steadily. Nepal – Binod Chaudhary Nepal has only one billionaire i.e. Binod Chaudhary. He is the owner of CG Corp Global and is best known for the popular instant noodles brand Wai Wai. He also owns a major stake in Nabil Bank, one of Nepal's leading banks. Wai Wai noodles are made in factories in India, Bangladesh, Serbia, and soon Egypt. Binod Chaudhary's total wealth is around Rs. 17,377 crore, and he is ranked 1,880th on the global list of billionaires. Sri Lanka – Ishara Nanayakkara In Sri Lanka, Ishara Nanayakkara is believed to be the richest person. According to older reports, his net worth in 2023 was about USD 1.6 billion, which is approximately ₹13,900 crore today. He is the Deputy Chairman of LOLC Holdings PLC, a major Sri Lankan company listed on the Colombo Stock Exchange. The company's market value is around Rs. 7,570 crore in Indian rupees. Bangladesh – Moosa Bin Shamsher Bangladesh's richest person is believed to be Moosa Bin Shamsher. According to media reports, his net worth is close to Rs. 1 lakh crore. He is known as a wealthy businessman and arms dealer. He founded DATCO Group, a firm that mainly works in manpower recruitment. Despite controversy around him, he remains one of Bangladesh's most talked-about billionaires.
