Economic Survey Favours Multiple Jewellery Parks

Arun Jaitley.

New Delhi: The Economic Survey, tabled by India’s Finance Minister Mr. Arun Jaitley on Monday, recommended setting up more multiple jewellery parks in order to boost exports and increase job opportunities in the Gems & Jewellery sector.

India is one of the largest exporters of gems and jewellery and industry is considered to play a vital role in the country’s economy as it contributes a major chunk to the total foreign reserves of the country.

As per the survey, this sector has enormous scope in generating employment opportunities if necessary steps would be taken in this direction.

It suggested that public private partnership models could be explored for training in jewellery designing.

The survey also suggested creation of multiple jewellery parks accommodating manufacturers, shared services, and testing, banking and logistic support in order to promote production in a more organized manner.

It also suggested that setting up infrastructure such as refineries and hallmarking centre’s to promote jewellery manufacturing in rural areas.