Mumbai: The Hon’ble Prime Minister Shri Narendra Modi had made his vision clear about building a New India after a thumping win in the Lok Sabha election. The BJP and alliances have come in power with the full majority for the second time and this shows the people of India wants to change and has taken the pledge to stand with Prime Minister for the transformation of India. The Gem and Jewellery is a sector that has been contributing immensely to the economy of the country. The Government’s recent initiatives such as Jewellery Parks, Common Facility Centres (CFCs) and Skill Upgradation have been commendable; and these initiatives have geared up the sector to play a bigger role soon.
Mr. Pramod Kumar Agrawal, Chairman, Gem & Jewellery Export Promotion Council (GJEPC), said, “We congratulate Prime Minister Shri Narendra Modi for winning an absolute majority in Lok Sabha election and for being elected as the Prime Minister for the second term. I am confident that with his dynamic vision of creating New India, he will energize all sectors and businesses to work together to achieve that by 2022, the 75th year of India’s Independence. Prime Minister’s vision of Minimum Government, Maximum Governance will bring ease of doing business in exports for the sector. The industry has plans to support the nation and achieve the target of India becoming a super 5 trillion economy and be amongst the leading economies of the world.”
“I also congratulate Shri Piyush Goyal, who has been appointed as the Union Minister for Commerce and Industry and Minister of Railways. Shri Piyush Goyal has been pivotal to the growth of the Gem & Jewellery sector. He aided the industry sail through enumerable impediments in the last few years. The industry is extremely fortunate to have an experienced and accomplished person at the helm of MOC & I. Indian gem & jewelry trade is enthused with dynamic optimism to work under him. I am confident that under his able leadership and guidance G & J sector will achieve its objective of touching USD 60 billion exports and 6 million employment by the year 2022. The entire gem and jewelry industry looks forward to working with you and contribute immensely to Hon’ble PM Shri Narendra Modi’s vision of building New India.”
Congratulating the Finance Minister Smt. Nirmala Sitharaman, Mr. Agrawal said, “we are really fortunate to have a personality with such vast experience and knowledge as the Finance Minister. Formerly, in her capacity as Hon’ble Minister of State (IC) for Commerce & Industry, Smt. Nirmala Sitharaman had taken a host of initiatives and played an important role in guiding the gem and jewelry industry to scale new heights. The industry is also happy to get such a strong and accomplished Finance Minister of the country. The industry looks forward to working with you to create a conducive environment for the business to flourish in India”.
The Gem & Jewellery industry currently contributes around 7% to India’s total GDP, 13% to merchandise exports and employs over 5 million people. The industry is committed to increasing exports from US$ 40 billion to US$ 60 billion by 2022.
India’s gem & jewelry business is amongst the Top 3 employers of people and GJEPC seeks Government’s support to add new jobs and generate direct and indirect employment. The Council shall seek continued support from the Government for major constructive reforms on international trade policies, ease of doing business, domestic bank financing and manufacturing/ technological impetus for the gem & jewelry exporter & entrepreneurs – the majority of who belong to the MSME category.
GJEPC will be working with the Govt. to address the following industry concerns:
GJEPC’s initiative aims at making India a global gem & jewelry manufacturing hub by promoting local artisans and indigenous design & production. GJEPC has already set up CFCs in Visnagar, Palanpur, Amreli, and Junagadh in Gujarat. GJEPC has plans to set up CFCs in Delhi, Kolkata, Jaipur & Hyderabad by 2019-2020. The Council will work closely with all Government Ministries and bodies and units to ensure smooth and seamless conduct of business and betterment of this sector.
Your email address will not be published. Required fields are marked *
Save my name, email, and website in this browser for the next time I comment.
Sign me up for the newsletter!
Notify me of follow-up comments by email.
Notify me of new posts by email.
Four strategic priorities for African telco operators in 2020
HCL successfully completes the first year of digital workplace services at KONE
4 Factors That Ensure Growth of BPO Businesses
How to Troubleshoot Norton Error 2104
Microfinance industry serves an estimated 5.64 Cr unique borrowers, around 30% of the potential market, across 619 districts in India: MFIN Micrometer
2014 The Global Indian New Network (TGINN)