INDIA EXPLORING POTENTIAL OF GEM AND JEWELRY SECTOR
18 April 2006/Tacy, Israel
Kamal Nath, India’s Minister for Commerce & Industry, is setting up an expert body to look into the potential of the country’s gem and jewelry industry, and the prevalent taxation practices in the sector both in India and abroad, says Bakul R. Mehta, Chairman of the Gem & Jewellery Export Promotion Council (GJEPC) of India.
The expert body is due to make suitable recommendations to enable India to be a hub for this sector.
According to Mehta, the announcement has given support and confidence to the local industry to perform with full zeal and take the industry to great heights.
“It is only with conscious multi-pronged and multi-dimensional efforts by both the government and Council that India will emerge as the global hub for quality gem and jewelry,†enthuses Mehta.
