12 The wedding season has started across the country with Ekadashi on November. In India, business worth lakhs of crores is done during the wedding season. This season is also very busy for jewelers. But jewelers of Maharashtra are facing a different dilemma these days. Due to the assembly elections to be held in Maharashtra, jewelers of the state are facing many problems. All India Gems and Jewelery Domestic Council claims that despite having all the necessary documents, election officials are confiscating their belongings and bank accounts.
Voting will be held in Maharashtra on 20th November
Let us tell you that voting for the assembly elections is to be held in Maharashtra on 20th November. In view of the assembly elections, the Election Commission has implemented the Model Code of Conduct in the state from today i.e. October 15. The Election Commission has deployed several flying squads and surveillance teams in the state.
The goods will be returned only after the elections are over.
Sanyam Mehra, chairman of All India Gems and Jewelery Domestic Council, said, “We have received clear information from the Election Commission office about the movement of goods and we are grateful to them. But, jewelery sellers are still facing challenges like freezing of their accounts despite showing all the required documents. In such a situation, many types of problems are being faced in the business during the wedding season.'' Sanyam Mehra said that the goods seized by the officials working on the instructions of the Election Commission will be returned only after the elections are over. .
What expectations does the industry have from the government?
Mehra said that the gems and jewelery industry is expecting incentives and tax concessions after the formation of the new government in Maharashtra. This is a major sector providing employment. He said that the industry wants concession in electricity duty in respect of large manufacturing units. Apart from this, our demand is that the limit of guarantee free business loan should be increased from Rs 2 crore to Rs 5 crore.
Image Credit: India-Tv.