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India Set for ‘First of its Kind’ Jewelry Park

Jul 31, 2016 6:52 AM   By Rapaport News
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RAPAPORT... India’s Gem & Jewellery Export Promotion Council (GJEPC) is planning to develop the nation’s first industrial park to improve standards and bring manufacturers under one roof.

The dedicated zone in Mumbai will enable small-scale jewelry industry members to manufacture plain gold and studded jewelry at a single venue, the GJEPC said.

The “first of its kind” jewelry industrial park in the country will offer top-of-the-range technology to improve efficiency and work culture, the GJEPC added. The nation’s Ministry of Commerce encouraged the trade body to pursue the idea in line with other industrial zones in India such as in the software, leather and textile sectors.

“A need has been envisaged to integrate the SME [small- and medium-sized enterprise] manufacturers of handmade plain gold and studded jewelry under one roof, especially that of Mumbai and the state of Maharashtra,” the trade body said.

The GJEPC has already initiated discussions with the Government of Maharashtra, the state of which Mumbai is the capital. Indications show the prospects for rolling out the project are encouraging, the council added. A presentation is scheduled for August 7 at the Bombay Exhibition Centre at Goregaon in Mumbai, targeting members of the plain gold or studded jewelry industry.
Tags: Bombay Exhibition Centre, Gem & Jewellery Export Promotion Council, GJEPC, Government of Maharashtra, India, industrial park, Jewelry, Maharashtra, Manufacturing, Ministry of Commerce, mumbai, Rapaport News, studded jewelry
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