India Post, BDB sign MoU to open Foreign Post Office for exporters

India Post has partnered with Bharat Diamond Bourse (BDB) to establish a Foreign Post Office (FPO) at the bourse, a move aimed at strengthening export logistics for India’s diamond and jewellery sector.

The collaboration was formalised through a memorandum of understanding (MoU) signed between Pandurang Chormale (IPoS), Senior Superintendent at India Post, and Anoop Mehta, President of Bharat Diamond Bourse. The signing took place in the presence of Amitabh Singh, Chief Postmaster General, Maharashtra & Goa. Officials from customs, BDB and India Post attended the MoU signing ceremony.

The upcoming Foreign Post Office at BDB is expected to provide cost-effective export shipment solutions for exporters operating within the diamond trading hub, helping streamline logistics and reduce shipping costs for international consignments.

Bharat Diamond Bourse in Mumbai is one of the world’s largest diamond trading centres and plays a key role in India’s gem and jewellery exports. The new facility is expected to improve export efficiency by enabling exporters to process shipments directly from the bourse. The initiative is expected to strengthen logistics support for exporters and contribute to the growth of India’s diamond and jewellery export sector.

Earlier on March 26, India Post also organised a seminar in Jaipur on 26 March to promote e-commerce exports, attracting more than 75 participants, including representatives from the gems and jewellery sector. The session highlighted services offered through Dak Ghar Niryat Kendras, along with logistics solutions such as EMS (Express Mail Service ), ITPS ( International Tracked Packet Service) and Air Parcel, which provide cost-effective international shipping options for MSMEs. Industry representatives and government officials also shared insights on export opportunities and policy frameworks, guiding businesses on how to leverage India Post’s network to expand in global markets.

On the other hand, the Government of India removed the ₹10 lakh cap on courier exports, allowing shipments of any value from 1 April 2026 to support the growth of e-commerce trade. While the Gem and Jewellery Export Promotion Council (GJEPC) welcomed the move, it also urged the government to extend the new risk-based re-import norms to jewellery, saying this would further strengthen the sector’s global competitiveness.

According to a data by GJEPC, India’s gems and jewellery exports rose 6.55% in September 2025 to ₹25,844 crore (US$2.91bn), supported by strong festive and wedding season demand, despite global economic headwinds.