Mp Ahammed, Malabar Gold Advocates Jewellery Sector Growth in Budget

Mp Ahammed, Malabar Gold Chairman, advocates for growth-focused measures in the upcoming Union Budget to support the jewellery industry. He highlights that previous reductions in gold import duties have boosted demand and calls for continued policy support. The industry seeks tax relief measures to increase disposable income and encourage higher jewellery consumption. Mp Ahammed also stresses the importance of strengthening the gold monetisation scheme to reduce import dependence and improve economic efficiency. Addressing inflation and investing in infrastructure will further support organized retail growth. Malabar Gold believes that a well-structured budget can create a more transparent and competitive jewellery sector. By focusing on consumption, sustainability, and economic stability, the government can unlock new opportunities and strengthen India’s global presence in the jewellery market.