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Piyush Goyal Sanctions ₹270 Cr Infusion For SEEPZ Infrastructure & Mega CFC

The Mega CFC will improve access to high-end and advanced machinery and technology such as 3D Metal Printing, Fully automated Gold / Platinum casting machines, Laser engraving, Lab-grown Diamond Detection Technology, etc. The infrastructure support will help SEEPZ to meet the globally benchmarked standards.

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Union Minister of Commerce and Industry, Consumer Affairs and Food and Public Distribution and Textiles, Piyush Goyal on Thursday approved Rs 200 crore for upgrading the SEEPZ infrastructure in Mumbai and Rs 70 crore for development of a Mega Common Facility Centre (CFC) at SEEPZ.

Goyal visited the SEEPZ in Mumbai on Thursday and interacted with The Gem & Jewellery Export Promotion Council (GJEPC) and SEEPZ leadership along with jewellery exporters and expressed a desire to make SEEPZ an iconic landmark and a showcase for the Indian gems and jewellery industry.

"Let’s make the 110-acre SEZ in Mumbai the global standard for manufacturing jewellery and a powerhouse of economic activity. Let’s aim for transformational change and not incremental change. Let’s bring back the vibrancy into SEEPZ like the earlier years," he said while interacting with the stakeholders.

Colin Shah, Chairman, GJEPC acknowledged Piyush Goyal's personal interest in the welfare of the gem and jewellery sector and described sanctioning of grants for upgrading infrastructure facilities and setting up the Mega CFC as an unprecedented gesture that would enhance the efficiency and growth of the gems and jewellery units within SEEPZ.

The Mega CFC will improve access to high-end and advanced machinery and technology such as 3D Metal Printing, Fully automated Gold / Platinum casting machines, Laser engraving, Lab-grown Diamond Detection Technology, etc. The infrastructure support will help SEEPZ to meet the globally benchmarked standards.

Shah also said that the much needed boost provided by the Union Minister would propel the industry towards achieving the target of $43.75 billion in exports this year and will also generate the momentum required to reach our goal of $69 billion in exports within the next few years.


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piyush goyal jewellery industry