The Hindu Business Line : Gold jewellery exports likely to touch $5 b

GOLD jewellery exports from India are likely to touch $5 billion during the current financial year, indicated Commerce and Industry Minister, Mr Kamal Nath. Exports of gold jewellery are estimated to have doubled from $1.9 billion in 2003-04 to a record $3.8 billion in 2004-05.

Mr Kamal Nath said the Government has evolved a medium term strategy to enhance export of gold jewellery, which accounts for about 18 per cent of India's total gem and jewellery exports.

While inaugurating India's largest exhibition-cum-sale of gold jewellery "Festival of Gold 2005" here, organised by MMTC Ltd, the Minister said that the sector had so far been neglected and it needed to move more towards exports. The medium term strategies evolved by the Government include hallmarking and certification of goods towards development of an Indian brand in the jewellery market; integration of jewellery supply chain from mining of raw material to retailing of end product as well as joint venture manufacturing with leading suppliers of the world; and developing market intelligence focusing on the key markets, including NRIs.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
FMC to get more powers, autonomy soon

Global funds turn bullish on gold

Now, US grapes luring South Indian markets

Plantation industry to seek Govt support for revamp

Bihar polls delay revamp of KK Birla Group sugar cos

Mixed trend at Kochi tea sale

NY cotton futures to move up

Gold jewellery exports likely to touch $5 b

Dearer glow