Business Standard

Gem export council seeks Rs 900 cr package to boost jewellery manufacturers

This package will be used for setting up 'Model Manufacturing Workshop' that will focus on upgradation of skill development programmes, he added, Council Chairman

Gold
Premium

Introduction of TUF will benefit the MSME sector by enabling clusters to infuse advanced technology, which, in turn, would augment productivity, reduce costs, improve quality and spur innovation

Press Trust of India Mumbai
The Gem and Jewellery Export Promotion Council (GJEPC) on Friday said it has sought a Rs 900 crore package for the sector to set up 'Model Manufacturing Workshop' to upgrade skills and implement Technology Upgradation Fund (TUF) that will help boost the industry.
"Almost 85 per cent (5,931) of our members are in the MSME category, and most of them are involved in the manufacture of handmade gold jewellery, cutting and polishing of diamonds, precious and semi-precious stones and imitation jewellery. Our industry is highly labour-intensive and export-oriented," GJEPC Chairman Colin Shah said in a statement.
He said the gems and jewellery

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in