MUMBAI – Union minister PiyushGoyal on Saturday said that the government was working to provide market access and an enabling environment for the gems and jewellery industry.
The commerce and industry minister spoke at the ceremony of laying the foundation stone for a mega common facility center at Santacruz Electronic Export Processing Zone special Economic Zone (SEEPZ SEZ).
“We must make this industry more than a $40 billion industry. We need to have a bigger ambition. We will do everything we can to achieve the truly extraordinary numbers you have shown to increase the potential of this trade.
“We are working with many nations to give the enabling climate and market access, particularly for the gemstone and jewellery sector,” PiyushGoyal, Union minister in commerce and industry and consumer affairs, said.
The project is expected to open on May 1, 2023.
Minister: “We aim at completing this project against the wind from Covid,” he stated.
Goyal also stated that the government is working on decisions to restructure and rebuild the SEEPZ.
“Incidentally we had made many other decisions about the overall revamping and reconstruction of the entire SEEPZ area. “Ideally, we could use the same methodology as has been used for this project,” he said.
The mega CFC provides common manufacturing processes as well as related services to the jewellery sector.
“The new Mega CFC is a boost for small-scale manufacturers, which will allow them to improve their production quality. This will contribute significantly to the country’s exports. Shyam Jagannathan Shriram, SEEPZ SEZ Zonal development commissioner, said that the Mega CFC would be more than a facility to impart training and skills. It would also be a strong symbol for progress.
This will reduce production costs and allow for the transfer of knowhow between units, which will give you a competitive advantage.
The mega Common Facility Centre for Gems and Jewels (CFC) will be one of two such facilities (the second being at Surat). It will provide cutting-edge technology for manufacturing in the gems, jewellery and related industries.
Colin Shah, Chairman of Gem and Jewellery Export Promotion Council said that there was a commitment of Rs 200 Crore for the revitalizion and rehabilitation of SEEPZ SEZ and the establishment of a mega CFC having a budget of around Rs 70 crore.
Shah stated that the project aims to bring the jewellery and gems sector closer to Atmanirbhar Bharat, which Shah envisioned for the nation.
The SEEPZ contributes approximately $3 billion to our total gemstone and jewellery exports annually. However, with better infrastructure and technology, it could contribute $7-10 billion annually, he said.
The commerce and industry minister spoke at the ceremony of laying the foundation stone for a mega common facility center at Santacruz Electronic Export Processing Zone special Economic Zone (SEEPZ SEZ).
“We must make this industry more than a $40 billion industry. We need to have a bigger ambition. We will do everything we can to achieve the truly extraordinary numbers you have shown to increase the potential of this trade.
“We are working with many nations to give the enabling climate and market access, particularly for the gemstone and jewellery sector,” PiyushGoyal, Union minister in commerce and industry and consumer affairs, said.
The project is expected to open on May 1, 2023.
Minister: “We aim at completing this project against the wind from Covid,” he stated.
Goyal also stated that the government is working on decisions to restructure and rebuild the SEEPZ.
“Incidentally we had made many other decisions about the overall revamping and reconstruction of the entire SEEPZ area. “Ideally, we could use the same methodology as has been used for this project,” he said.
The mega CFC provides common manufacturing processes as well as related services to the jewellery sector.
“The new Mega CFC is a boost for small-scale manufacturers, which will allow them to improve their production quality. This will contribute significantly to the country’s exports. Shyam Jagannathan Shriram, SEEPZ SEZ Zonal development commissioner, said that the Mega CFC would be more than a facility to impart training and skills. It would also be a strong symbol for progress.
This will reduce production costs and allow for the transfer of knowhow between units, which will give you a competitive advantage.
The mega Common Facility Centre for Gems and Jewels (CFC) will be one of two such facilities (the second being at Surat). It will provide cutting-edge technology for manufacturing in the gems, jewellery and related industries.
Colin Shah, Chairman of Gem and Jewellery Export Promotion Council said that there was a commitment of Rs 200 Crore for the revitalizion and rehabilitation of SEEPZ SEZ and the establishment of a mega CFC having a budget of around Rs 70 crore.
Shah stated that the project aims to bring the jewellery and gems sector closer to Atmanirbhar Bharat, which Shah envisioned for the nation.
The SEEPZ contributes approximately $3 billion to our total gemstone and jewellery exports annually. However, with better infrastructure and technology, it could contribute $7-10 billion annually, he said.
