New Delhi: When India enters its top festival and wedding season, the government moved to limit the import of ordinary silver jewelry to protect domestic manufacturers and secure jobs in the sector at the time of high demand.
According to the announcement issued by the General Directorate for Foreign Trade (DGFT), it was included in the limited category on Wednesday, which means that the importers will require a valid DGFT permission to bring such shipments.
The decision comes after the Ministry of Trade has seen an increase in illicit silver jewelry from some countries, including Thailand, in the last three months, including Thailand, a higher government official. The official added that most of the imported jewelry entered India into the robe of finished products, undermined domestic prices and threatened employment in the silver jewelry sector.
“The framework is trying to ensure that the real trade continues and prevents unfair practices that damage the domestic manufacturers,” another higher official said. “It’s especially topical when we enter the festival and wedding season, when the demand for silver ornaments culminates.”
Tenfold
The imports of these products from Thailand increased ten times and during the period April – June 2025 rose from four tons to 40 tons. The share of imports from the country of Southeast Asia also increased from 78% to 98%, which increased suspicion of abuse, added officials.
The Indian jewelry sector, which employs more than 4.3 million people, usually sees an increase in production and retail activities during the festival and wedding months. It is expected that restrictions will help domestic manufacturers to earn on this top season, prevent undercut prices with imported items and ensure that local units benefit from higher seasonal demand.
Officials stated that this step would provide a field for playing at a level for small and medium -sized enterprises and at the same time protect the living. The notification is expected to have a minimum impact on the actual trade, as the import permission will be granted to compatible enterprises.
India primarily imports silver jewelry from China, Sae and Thailand.
This year, the prices of silver increased sharply sharply and were almost in accordance with gold, which is traditionally considered to be the rare of both metals. On the exchange of multiple commodities with silver futures for December delivery traded around £1.34 336 per kilogram on Wednesday, reflecting in 2025 an increase of about 40%.
In the related development, the government also changed export policy for non-bay rice, which is to be registered to exports before sending their contracts with the agricultural and processed food product exports (APEDA), even if the export will continue to be free.
(Tagstotranslate) silver jewelry
