Domestic Council for jewellery sector launched in India

By

Maverick Martins

Published
Jan 31, 2019

The government of India has launched a Domestic Council to boost the gems and jewellery sector in the country. The new council will be operational from May 1 this year.
 

The council will have representation from jewellers, manufacturers, miners and artisan/ craftsmen, associations from different geographies and industry segments. The council is expected to generate around 3 million employment opportunities in the jewellery sector.
 
Sharing his thoughts, Suresh Prabhu union minister for commerce & industry in a statement said, “The launch of the Domestic Council for gems & jewellery is a significant step and one amongst a series of several structured reforms undertaken by our Government to make the industry more organised and unified. The Domestic Council will represent the culture and ethos of India’s gems, gold & jewellery business while addressing global market opportunities to create economic value for the country.”

GJEPC chairman Pramod Kumar Agrawal added, “We welcome the Government’s decision to form Domestic Council for the Indian gems & jewellery sector. This will help to organise our unorganised and small scale based domestic jewellery industry and help it to scale new heights. Domestic Council will help create 3 million more jobs and new artisans/ craftsmen in the business.”
 
The council’s core committee will comprise members from the country’s top jewellery associations like Gem & Jewellery Export Promotion Council, All India Gems & Jewellery Domestic Council, Indian Bullion and Jewellers’ Association Ltd, Bhartiya Swarnkar Sangh, and Association of Gold Refineries and Mints.