Industry & Economy
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Gems & Jewellery
Export sops for gems and jewellery sector on cards
Our Bureau
New Delhi
,
June 25
THE Commerce and Industry Minister, Mr Kamal Nath, on Friday promised "supportive policy measures" to the gems and jewellery sector in the coming months to give a further fillip to exports from this sector.
Initiating his sectoral interaction with exporters of gem and jewellery in the run up to the Union Budget and the Exim Policy, Mr Kamal Nath also called upon exporters in thrust sectors such as the gems and jewellery sector to come up with time-bound marketing plans to tap overseas markets and achieve quantum jump in exports.
He told the members of the Gem and Jewellery Export Promotion Council (GJEPC) that his Ministry would extend all support for such promotional plans to tap overseas markets more effectively.
Mr Kamal Nath also highlighted the "enormous untapped potential" for exports in the gems and jewellery sector and even held that it would be reasonable to strive for achieving about $20 billion of exports by 2007. Exports from the gem and jewellery sector in 2003-04 were valued at $12 billion. Canada and the US alone accounted for about 40 per cent share of the exports.
The Minister also had a meeting with the representatives of the Council for Leather Exports (CLE). Both CLE and GJEPC submitted pre-budget proposals for the consideration of the Government.
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