By Manjeet Malik
The Gem &
Jewellery Exports Promotion Council (GJEPC) has prepared a ‘Vision Document’ to
achieve an exports target of $60 billion by 2022 as per a report. The
‘Vision Document’ suggests several measures to achieve the target.It suggests
several infrastructural changes, some tax reforms and some procedural changes
which has 20 to 30 measures.
For this year, the
industry has a growth target of 10% and is on a track to achieve $47 billion
exports this year.Meanwhile, to enable marginal and small industry players to
contribute to exports, the government has identified 16 clusters to set up
common facility centres where modern machines would be provided.
Acoording to Manoj
Dwivedi, the jewellery industry needs to achieve higher scale to become
globally competitive and provide an impetus to jewellery exports. The
government is taking various policy initiatives to find ways to improve things.
Plans are also afoot to jewellery parks on the lines of IT parks across India
in prominent gems and jewellery clusters.
If this happens,
It is obviously a great news for the Indian economy and every jewellery
merchant would be looking forward to it.
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