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Piyush Goyal Sanctions Rs 270 crore infusion for SEEPZ Infrastructure and mega CFC

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Piyush Goyal Sanctions Rs 270 crore infusion for SEEPZ Infrastructure and mega CFC

Mumbai: Piyush Goyal, Minister of Commerce & Industry, Consumer Affairs & Food & Public Distribution and Textiles, Govt. of India, visited the SEEPZ in Mumbai today. Minister interacted with GJEPC and SEEPZ leadership along with Jewellery Exporters and approved Rs 200 Crore for upgrading the SEEPZ infrastructure and Rs 70 Crore for development of a Mega Common Facility Centre (CFC) at SEEPZ.  

Goyal is the country’s first ever Commerce Minister to visit SEEPZ in Mumbai.  During his visit, he expressed a desire to make SEEPZ an iconic landmark and a showcase for the Indian gems and jewellery industry. Goyal commented, “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.” 

Colin Shah, Chairman, GJEPC commented, “We are grateful to Goyal for taking personal interest in the welfare of the gem and jewellery sector. It’s an unprecedented gesture by our Hon’ble Commerce Minister to visit SEEPZ and sanction grants for upgrading infrastructure facilities and setting up the Mega CFC that will enhance the efficiency and growth of the gems and jewellery units within SEEPZ.”

The training centre will provide skilled manpower for the industry, thereby supporting the GOI’s “Skill India” initiative. The new facilities will also strengthen the domestic manufacturing capabilities in support of ‘Make in India’ and ‘Atmanirbhar Bharat’.

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.

Thanking the Union Minister, Shah, added, “The much-needed boost provided by Goyal will propel the industry towards achieving the target of $43.75 billion in exports this year. It will also generate the momentum required to reach our goal of $69 billion in exports within the next few years.”

Courtesy: Retail Jeweller India News

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