Domestic Council for Gems & Jewellery to be launched soon |
India being one of the biggest importers of gold and consumer the Union Government in India is planning to come out with an integrated gold policy soon. Launching the Domestic Council for Gems & Jewellery, at a glittering function in Mumbai last week, Union Minister for Commerce & Industry and Civil Aviation, Suresh Prabhu said the Domestic Council for Gems & Jewellery will solve all issues of the sector. The Council will be operational from 1st May, 2019, on the occasion of Labour Day. He noted that the jewellery export market size is 2 billion dollars. The market for gold is huge; its potential needs to be tapped adequately. In March-April 2019, top 20 global companies will be invited to India so that they themselves can craft a strategy for buying from India, added the Minister. The Minister also launched a Parichay Card for labourers of the sector, on the occasion. He said that gold has been the cultural face of India since ancient ages and that the need of the hour is to give more attention to enhance gold and gold jewellery business. The sector can provide employment for skilled workers, contribute to strengthening the Indian economy and in the making of a New India. The function was organised by Gems & Jewellery Export Promotion Council.
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