Pakistan : Gems & jewelry sectors set export target of $500mn
May 29, 2006/Fibre2fashion.com, India
Pakistan Gems and Jewelry sector is attracting better investment as local players turn more competitive through skills and technology upgradation, informed Pakistan Gems and Jewelry Strategy Working Group (SWOG).
SWOG is made of industry leaders, Government officials and relevant NGOs that work together to form strategies and implement them in proper manner.
Pakistani players are eager to take leading position in $80 billion international jewellery market.
Pakistani Small and Medium sized enterprises is being supported by “Pakistan Initiative for Strategic Development and Competitiveness” (PISDAC)and United States Agency for International Development (USAID) funded activity is managed by J.E. Austin Associates Inc to increase global competitiveness.
Gems and Jewelry SWOG plan to grow though effective value chain. It has aims to establish Pakistan as world class hub for precious stone cutting and jewelry manufacturing.
It works to bridge the divide between Pakistan and other countries offering strong presence in these sectors.
Small and Medium Enterprise Development Authority and Export Promotion Bureau are supporting USAID and PISDAC to achieve export target of $500 million by 2015.
