MUMBAI, March 26, 2020 – India’s Gem & Jewellery Export Promotion Council (GJEPC) has contributed Rs. 50 Crores (approx. $6.6 million) to support gem and jewellery industry workers impacted by COVID-19.
The fund allocated by GJEPC will also be used to support the government in undertaking several initiatives to fight the current crisis in India, the GJEPC said in a statement.
Mr. Pramod Agrawal, Chairman, GJEPC, said: “In our endeavour to combat the situation caused by COVID-19, GJEPC, from its own reserves, has decided to contribute Rs. 50 crores (approx. $6.6 million) towards several welfare initiatives to be undertaken in the current scenario.
“The economic situation of our country and that of our industry has taken a severe beating. Our businesses are impacted but the most affected is our daily wage worker community.”
Mr. Agrawal added, “This is an industry that contributes 7% to India’s total GDP and employs a workforce of more than 5 million. It becomes important and mandatory at such distressing times to take adequate care of our employees and support them wholeheartedly.
“We have braved much turmoil and this time will be no different. This is the time to show solidarity towards our Nation and our Industry. It’s time for us to reveal our philanthropic side once again.”