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.

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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.