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    <title>Gems &amp; Jewellery sector is expected to achieve export target of $40 Billion this year: Shri Piyush Goyal</title>
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    <description>Gems and Jewellery exports are targeted to reach forty billion dollars with projected growth over pre Covid levels; the sector is designated a focus area for export promotion and supported through Budget 2022 measures including reduced import duty on cut and polished diamonds, extension of the Emergency Credit Line Guarantee Scheme for MSMEs, acceptance of personal surety bonds for gold imports, SEZ regime reform, and simplified e commerce regulation, alongside establishment of Common Facility Centres and trade promotion initiatives to boost production quality and overseas sales.</description>
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