Diamond Digest

Quote from Mr Bhavik Chinai, Group CEO, BVC Logistics on the Union Budget reaction.

The government’s deep focus on tech driven change is admirable.

Gati Shakti network impetus with about 100 cargo terminals & 4 new National Logistics Parks will help boost Industrial growth and Atmanirbhar Bharat. The battery-swapping policy with interoperability is a welcome introduction toward sustainability.

Expansion of SEZ’s advantages to existing infra through new legislation is promising for the G&J sector. Alongside, the Customs National Portal with a promise to facilitate customs clearance digitally will reduce the transaction costs in jewellery exports by over 20%. The reduction in polished diamond import duty is deeply appreciated.

Overall, the budget 2022 is very positive and we look forward to quick execution of the digital initiatives.

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