Government Seeks Suggestions from the Gem & Jewellery Industry to Boost Manufacturing and Exports

The Art of Jewellery|June 2020

Government Seeks Suggestions from the Gem & Jewellery Industry to Boost Manufacturing and Exports
With a focus on improving India’s manufacturing capabilities, the government has identified the sectors including leather, gem and jewellery, renewable energy, pharmaceuticals and textiles where investors can contribute and promote manufacturing.

The Gem and Jewellery industry has presented suggestions such as setting up of common facility centres and facilitating shipments through e-commerce, the government is considering these solutions to improve the manufacturing and exports of the industry. A suggestion for extension of the interest subvention scheme has also been placed as this can provide a level-playing field to foreign mining companies, which can encourage them to start sales/auction of rough diamonds at special notified zones.

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June 2020