Vaishali Banerjee, Head of Global Market Development and Managing Director – India & Middle East, Platinum Guild International
“As we look ahead to this year’s Union Budget, we respectfully request the Honourable Finance Minister to extend export duty drawback benefits to platinum jewellery, in recognition of the strong export growth potential this category represents.
Global demand for platinum jewellery—particularly from the UAE, the wider GCC, South East Asia and the UK — is rising steadily. Indian manufacturers possess the design capability, craftsmanship and scale to serve this demand competitively. While platinum jewellery exports have grown significantly over the past years, this has been largely driven by SEZ-based players that benefit from duty exemptions, leaving Domestic Tariff Area (DTA) exporters at a disadvantage.
Including platinum jewellery under the duty drawback framework would level the playing field, enable wider industry participation, unlock global demand, stimulate fresh manufacturing investment, support skilled employment, and strengthen India’s position as a global hub for platinum jewellery manufacturing.”
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