<h1>Indian Government Boosts Gem & Jewellery Sector with Duty Cuts, Financial Aid, and New Skill Council Initiatives.</h1> A budget of Rs.1 crore was allocated by the Department of Commerce in 2013-14 for projects by the Gem Jewellery Export Promotion Council, including a convention center and a gem park in Mumbai, and a gem bourse in Jaipur. The Indian government introduced measures to boost the gem and jewellery sector, such as liberal financial assistance, duty drawbacks, and the abolition of import duties on rough diamonds and gemstones. Other initiatives included increasing value limits for overseas exhibitions, reducing customs duty on rhodium, and establishing a skill council for sector development. These steps were welcomed by the Gem and Jewellery Export Promotion Council.