Diamond, Gems and Jewellery Industry in Rajasthan double focused, says its Principal Secretary

Diamond, Gems and Jewellery Industry in Rajasthan double focused, says its Principal Secretary

Diamond, Gems and Jewellery Industry in Rajasthan double focused, says its Principal Secretary

 

No.PR-160
December 11, 2015
Jaipur
 

Diamond, Gems and Jewellery Industry in Rajasthan double focused, says its Principal Secretary
 

Mr. Rajeeva Swarup, Principal Secretary, MSME, Government of Rajasthan announced that the state government is totally focused to uplift and upgrade the diamond, gems and jewellery industry of the state and that whatever policy measures are required for the job, the government will perform its action.
 

Addressing an International Seminar on Diamond,  Gems and Jewellery Industry organized by the PHD Chamber of Commerce and Industry , here today, Mr. Swarup added that this industry also  needed to adopt standards that are prevalent in economies of scale so that the domestic gems and jewellery industry is well knit with them.
 

“In view of the growing potential of gems and jewellery and diamond industry in India and particularly so with reference to Rajasthan, its government  has laid a double focus on the growth of this industry from the point of view of MSME sector , but also called upon their promoters to follow emerging standards globally for this industry so that its integration is facilitated to bring India on a map of global diamond and gems and jewellery industry ”, said the Principal Secretary.
 

In his welcome remarks, Vice President, PHD Chamber, Mr. Anil Khaitan, observed that gems and jewellery sector in India plays a significant role in the Indian economy, contributing around 6 % to 7 % of the country’s GDP. It is extremely export oriented and labor intensive and contribute in a big way to India’s foreign exchange earnings.
 

In his theme presentation, Chairman, Insurance Committee, PHD Chamber, Mr. Yogesh Lohiya, said that the gems and jewellery industry of India being an important contributor to the national GDP required special focus for exporters also. Insurance place a major role for the export houses to cover risks of exchange and currency fluctuations in gold, gems and jewellery, he pointed out  adding that risk assessment and claims management is very important to facilitate the business health of all stakeholders.
 

Mr. Vimal Chand Surana, Convenor, Jaipur Jewellery Show in his remarks emphasized what Mr. Khaitan and Mr. Lohiya observed earlier in their presentations. Chairman, Rajasthan Committee of PHD Chamber, Mr.  G S Singhvi in his remarks felt that conferences on diamond and gems and jewelry highlight the role of insurance and spread awakening for insurance to protect this sector from any possible harm.
 

In his observations, Secretary General, PHD Chamber Mr.  Saurabh Sanyal, emphasized the role of the Chamber in policy advocacy for its members and their concerns with Mr. Debjit Talapatra, Director, PHD Chamber moderating the Conference.
 

Ends.

Koteshwar Prasad Dobhal
Consultant (PR)