Union Commerce Minister Piyush Goyal today said that India’s young, talented and skilled workforce must focus on making the country the design destination of the world for fashion and jewellery. Speaking at the inaugural function of the India International Jewellery Trade Show -IIJS 2024 in Mumbai, Mr. Goyal said the fashion and jewellery combination can make India a coveted and preferred wedding destination for the world.
Stating that India can become the global epicentre of the gem and jewellery industry under Prime Minister Narendra Modi’s guidance, the minister said massive investments are being made to create a world-class infrastructure including the 20-acre India Jewellery Park in Navi Mumbai and a common facility centre in SEEPZ Mumbai with most modern machinery and equipment. He added that the infrastructure impetus can empower MSMEs to build global competitiveness and expand their business in a very modern and efficient environment.
Also present on the occasion, Chairman of, Gem & Jewellery Export Promotion Council, Mr. Vipul Shah said India’s domestic gem & jewellery market is expected to grow from the current 44 billion to 134 billion dollars by 2030. He added that the sector will work to increase exports to reach 75 billion dollars by 2030 and 100 billion dollars by 2047 as a small contribution to help India in its Sankalp to become Viksit Bharat.
