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The Gems and Jewellery sector plays a significant role in the Indian economy, contributing around 6-7 per cent of the country’s GDP. It also employs over 2.5 million workers. One of the fastest growing sectors, it is extremely export oriented and labour intensive.
The Gems and Jewellery sector plays a significant role in the Indian economy, contributing around 6-7 per cent of the country’s GDP. It also employs over 2.5 million workers. One of the fastest growing sectors, it is extremely export oriented and labour intensive.
Based on its potential for growth and value addition, the Government of India has declared the Gems and Jewellery sector as a focus area for export promotion. The Government has recently undertaken various measures to promote investments and to upgrade technology and skills to promote ‘Brand India’ in the international market.
India is the largest player in diamond cutting and polishing and also the largest consumer of gold.
India is deemed to be the hub of the global jewellery market because of its low costs and availability of high-skilled labour. India is the world’s largest cutting and polishing centre for diamonds, with the cutting and polishing industry being well supported by government policies. Moreover, India exports 75 per cent of the world’s polished diamonds, as per statistics from the Gems and Jewellery Export promotion Council (GJEPC). India's Gems and Jewellery sector has been contributing in a big way to the country's foreign exchange earnings (FEEs). The Government of India has viewed the sector as a thrust area for export promotion. The Indian government presently allows 100 per cent Foreign Direct Investment (FDI) in the sector through the automatic route.
Team Leader
Leena Jaisani
Deputy Secretary GeneralTimeline
2016
2015
2014
2013
2011
2010
Jan
Dec
Event
Third Stakeholder's Roundtable on 'Gold Heritage Tourism'
Oct
Aug
Apr
Jan
Press Release
"it will give a kick-start to a large number of stalled projects, thus re-invigorating investment and growth cycle", says FICCI president Jyotsna Suri on Land Ordinance
Nov
Event
FICCI Presents the Indian Luxury Expo
May
Event
Savoir Faire - A Rendezvous with Style and Glamour!
Nov
Jun
Event
Roundtable on Gold and growing CAD: Demystifying the myths and providing solutions
Jan
Event
International Conference on Gems and Jewellery
