The Live Nagpur
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary

The Live Nagpur


  • Home
  • City
  • Politics
  • Business
  • Education
  • Entertainment
  • Sports
  • Health
  • Crime
  • Forest
  • Featured
  • Vidarbha
Nagpur City

“MSME exports have to be raised to above 50% of the total export volume, Gems & Jewellery sector can play a vital role in it”: Union Minister Nitin Gadkari

by TLN Team April 4, 2022April 4, 2022
written by TLN Team April 4, 2022April 4, 2022
“MSME exports have to be raised to above 50% of the total export volume, Gems & Jewellery sector can play a vital role in it”: Union Minister Nitin Gadkari

Union Minister Nitin Gadkari urged the Gems & Jewellery sector to attach increased importance to the design aspects for growth of this industry.

“Good designs will have a value-addition and will help increase exports. Product-design is an important factor. Hence, I urge the G&J sector to go for joint-ventures with countries who lead in design”, he said.

Gadkari was addressing at the ‘Indian Gem & Jewellery Show (GJS 2020)’, a large scale B2B Jewellery Expo organized by the All India Gems & Jewellery Domestic Council (AIGJC) in Mumbai today. GJS 2022 is being held from 3rd-6th April in the city.  

The Union Road Transport and Highways Minister also said that MSME exports have to be raised to above 50% of the total export volume. MSME should also contribute to more than 40% of the country’s GDP. This, in turn, will generate more employment and growth, and take the country ahead.

For achieving this target, Gems & Jewellery (G & J) industry – an important component of the MSME sector, can play a vital role, stated Gadkari. “Business can increase three to four times in the future, G & J sector has huge potential in the export market”.

MSMEs contribute largely to the country’s GDP growth and presently comprises more than 40% of total exports and have generated employment for around 11 crore people. Hence, MSMEs have a vital role in the realization of the vision of Aatmanirbhar Bharat, stated the Union Minister. “Aatmanirbhar Bharat can be realized with increased exports and employment generation.”

Gadkari said that there is a lot of potential for growth of the G & J industry. Stating that G & J products created in the country have a great demand in world market, the Minister said that skill development in the sector has taken place in Gujarat, Maharashtra and other states. In this context, he observed that skilled manpower at low-cost have done well for the diamond industry in the country.

Stating this, Gadkari invited the Gems & Jewellery Domestic Council to set up a jewellery park/centre at MIHAN SEZ in Nagpur, which can provide all facilities from design, manpower to export.

The Minister stated that, in the post-COVID period, the world is giving priority to India for doing business. “India’s biggest strength is that the world’s youngest, talented engineering power lies in this country”.

In the post-COVID period, trades and businesses are showing a new energy, he added. The Minister urged businesses to form a vision for the future ahead. Stating that “Appropriate vision with appropriate technology” is needed, he said that honesty, reliability, transparency, good design and packaging are going to be the biggest capital for businesses in the coming days.

A book titled ‘Handbook on Hallmarking’ was released by the Union Minister on the occasion. GJS 2022 comprises top of the line manufacturers/wholesalers in Gold, Studded, Diamond, Couture Jewellery, Gemstone, Pearls, Loose Diamonds, Allied and Machinery as well as dealers from all over the industry. A large number of exhibitors from across India are participating in the show. All India Gems & Jewellery Domestic Council represents lakhs of trade constituents comprising manufacturers, wholesalers, retailers, distributors, laboratories, gemologists, designers and allied services to the domestic gems and jewellery industry. The show was inaugurated by Union Minister of State for Railways, Coal and Mines Raosaheb Danve Patil yesterday.

0 comment
FacebookTwitterLinkedin
TLN Team

previous post
Shadow tigress with 2 cubs quenching thirst, her 3rd cub dies in UPKWS
next post
FCR to 2 accused in tiger electrocution in Tumsar till Apr 7

You may also like

Raman Science Centre organises event to mark Zero...

May 25, 2022

Air Chief Marshal Chaudhari appreciates significant role of...

May 25, 2022

8 water lifting vehicles to work during monsoon

May 25, 2022

Kapil Dev to be Chief guest concluding day...

May 25, 2022

Showers bring temporary relief

May 24, 2022

If interference in university functioning proved, will resign:...

May 24, 2022

Take action against spurious seed suppliers: Kedar

May 24, 2022

No threat of Corona fourth wave: Rajesh Tope

May 23, 2022

Nagpur records 41.5, Brahmapuri hottest with 42.2

May 23, 2022

Goats distributed to 100 women for earning livelihood 

May 23, 2022

Trending News

  • NTA opens application Form Edit window for NEET 2022

    May 25, 2022
  • Instagram Outage: Some users left unable to login, refresh feed

    May 25, 2022
  • City’s Pohewala enters first phase of ‘Shark Tank India S2’

    May 24, 2022
  • Three injured after falling from mid-air during paprasailing

    May 23, 2022
  • RTMNU exam in MCQ format off-line mode

    May 20, 2022

Important Links

  • Politics
  • Crime
  • Business
  • Education
  • Entertainment
  • Sports

Available on Playstore & Coming Soon on Appstore

Search

April 2022
M T W T F S S
« Mar   May »
 123
45678910
11121314151617
18192021222324
252627282930  

Sign-Up Form

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Footer Logo
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary
  • Privacy Policy
  • Disclaimer
  • Cookie Policy
  • Terms Of Use
  • Advertise with Us
  • Work with us
  • Contact Us

© 2020 - The Live Nagpur . All Rights Reserved.