jewellery stamped. There are 892 assaying and hallmarking centres spread across 234 districts and so far 28,849 jewellers have been registered.
Before making the hallmarking mandatory, a
draft quality control order (QCO) was hosted on World Trade Organisation (WTO) website on October 10, 2019 for comments for a period of 60 days. “N .. parcels were scanned at the airport before being loaded on to a Cathay Pacific flight. They had been carted from the precious cargo customs clearance centre (PCCCC) at BDB by a logistics company, or Carter, to the air cargo complex at the airport.
The result was the Customs suspending a
well-known custom broker’s license for a month besides looking at the role of the broker’s affiliated carting company , that transports the precious cargo from the PCCCC to the air cargo complex at the n .. Anne Klein already sells its watches in the country in a partnership with Titan. WHP is a $1billion fund set up by investors including Oaktree Capital and Blackrock Capital among others to acquire brands for global expansions.
Founded by fashion designed Anne Klein in
1968, the New York-based brand generates about $700 million in annual revenues. About $100 million out of that from international markets.
Shmidman said his company is aiming to
increase Anne Klein’s sales to .. India will be third country the US fashion brand will enter in 2020 after China and Mexico where WHP has singed long term licensee agreements with local players. The company is also looking to expand into other Asian, Middle East and Latin American countries. WHP is in “active discussion” with a couple of Indian c .. The general economic slowdown leading to poor consumer sentiment and lower walk-ins has been a concern for the last few quarters, it added.
The Tata Group-owned maker of watches,
jewellery and eyewear experienced different consumer responses in each of its divisions. Retail sales in jewellery were better expected at the beginning of the third quarter, possibly due to a good wedding season and reasonable inelasticity of wedding jewellery but growth in watches and eyewear were difficult .. The Finance Minister also said digital refund of duties and taxes of centre, states and local bodies to exporters will be allowed from this year.
On infrastructure, she said the government
plans to set up project preparation facilities for infrastructure sector and a national logistic policy will come up soon.
Sitharaman noted that a Rs 103 lakh crore
infra project pipeline has been launched in December.
Delhi-Mumbai Expressway will be completed
by 2023 and Chennai-Bengaluru Expressway will be launched, the minister added. She also said 550 wi-fi facilities have been commissioned at railway stations.