gems exporting industry in india
234935986
Role of Government to boost exports of Gems Jewellery from India
India's present foreign exchange earnings from Gems and jewellery sector is in the range of US$ 36 to 43 billion per annum during last five year from 2015 to 2020. Being huge potential of its growth, the government has set an annual target of USD 75 billion in jewellery exports by the year 2025. (Source GJEPC India, Ministry of Commerce Industry) In order to achieve this daunting goal, the government has declared Gems and Jewellery sectors a focus area for export promotion and under taken various measures to boost its exports by way of liberalisation in export policy, extending financial support, technology up gradation and skill development .This research paper attempts to analyse the various strategies adopted by the government to achieve the set target. For this research, primary and secondary data have been collected and analysed. The findings of the study would be very useful for the growth of exports. KEYWORD: G&J, Jewellery Exports, Government Article Received: 10 August 2020, Revised: 25 October 2020, Accepted: 18 November 2020
Hemant Kumar Tantia Vani Kamath
169450212
Export Performance of Gems and Jewellery Industry: A Comparative Analysis of India and China
Mamta Pankaj Jain
238489931
A study on Jewelry and gem industry in India
This study is on the marketing research, scope and method forward for jewelry and gem exchange of India, because this sector plays an enormous role among the Indian economy one in every of the fastest growing sectors contributing around 6 7 per cent of the country's gross domestic product. This study is conducted with the help of case studies and reports published to throw light on the market scenario of India and the expected growth in jewellery and gem industry. China and India are leading the market in terms of process jewellery and gems, supported its potential for growth and price addition; the govt of India has declared the gems and jewellery sector as a spotlight house for export promotion. The worldwide gems and jewellery trade is to boot expected to witness high demand among the near future owing to the enlargement among the consumption of branded jewellery. It's expected that branded jewelleries will gain an enormous share among the market over the forthcoming years.
Anna Katharina Jacob Nimisha Sreedharan
130680440
Karanth, R.V. Gems and Gem Industry in India.Bangalore (Geological Society of India: Memoir 45) 2000. xii 405 pp. Price $35.50. ISBN 81 85867 41 0. www.vedamsbooks.com/cgi bin/main.cgi?no17689.htm
India has a strong tradition of gem cutting, with the total value of exports of gemstones and jewels amounting to nearly 20% of the country's total exports,
R Alan Howie
54751142
A Study on Problems Faced By Exporters of Gems and Jewellery Industry
Gems and jewellery are part of many cultures and customs around the world. Gems and jewellery have been important part for both aesthetic as well as investment purposes. Gems and jewellery industry has gradually become important for the Indian economy due to its contribution in India's total exports. This sector accounts about 14.98% of the country's total merchandise exports estimated at US$ 262290.13 million in 201516. In last four years export of gems and jewellery decreased by 12% and exports got affected by the rising cost of raw materials, depressed demand and slowdown of markets. There are many problems faced by the exporters of gems and jewellery industry. This paper discuss the status of the exports of Indian gems and jewellery industry. Also, an attempt is made to identify the problems faced by the exporters, by reviewing various literatures and highlighted some suggestions to overcoming these hurdles.
Parul Agarwal Richa Devgun J S Bhatnagar
113534752
Prospects of Gems and Jewellery Export in India
The prime objective of the study is to shed light on various issues and scope of gems and jewellery export in India. Indian gems and jewellery industry has attained a remarkable position worldwide. Artifacts of India's export of gem and jewellery are acknowledged all over the world for their exquisite craftsmanship. However in the present scenario industry is confronting various hindrances which obstruct the path to realize its true potential. It has become statutory to deal with the problems and constraints which are being faced taking in the account of the fact that during FY 2013 14 the sector has contributed $34746.90 million to Indian exchange earnings, which states the decline in export by 10.58 percent. Due to the dependence on imports, the complexities involved in obtaining import license by the government should be simplified and also the lengthy procedures and intricacy involved in trading need to be rationalized. In order to sustain its position in international market there is an immediate requirement to modernize the product designs and procedures involved. In addition to this the working condition of the workforce should refined to a great extent and their ill wage structure must be revived. Some of the other major concerns being faced are lack of training facilities, existence of Casteism, lack of permanent work, financial issues, procedural hardship and financial issues. In the view of the declining growth rate the government has instigated various measures and also a significant amount of investment in gems and jewellery sector is accounted, as a result of which the gems and jewellery industry has recovered to a certain extent. There was an increment of 12.65% percent in export of cut and polished diamonds in FY 2014. As per an industry study the sector is anticipated to draw Rs 15,000 crore (US 2.42 billion) by the end of 2015 which would be a striking increase by December 2012 with Rs 8000 crore (US 1.29 billion)
Supriya Lamba Neha Saini
111637316
Identification and Ranking of Factors Affecting Export Prformance of Indian GEMS and Jewellery Industry
In the present scenario exports acts as the blood of global economy' Indian gems and jewellery industry is traditionally modern and glamorous as ornaments have been the part of civilizations of Indian culture since ages. This paper analyzes the performance of India's export and economic factor which have contributed in the gems and jewellery industry over a period of 21 year from 1994 to 2014. The interpretation is done on the bases of volume as well as destination. In spite of a lot of fluctuation in this area the industry amounts to be the second highest for an exchange earner among the total exports. On the other hand competition from the countries like china this sector achieves the global popularity because of efficient craftsmanship and beautiful designing. The researcher has analyzed all possible ways of fluctuation in this industry. The measure which can increase the export and forecast the market in the coming years has also been suggested.
Shrey Kaushik
220712810
CHALLENGES FACED BY EPIP OF GEMS AND JEWELLERY INDUSTRY WITH SPECIAL REFERENCE TO JAIPUR
Jewellery has been crucial part of the Indian culture and civilization since ancient history. The Gems and Jewellery industry occupies an important position in the Indian economy and it accounted for around 13.03% of the country's total merchandise exports in 2012 13.The Gems and Jewellery sector contributes around 6 to 7 per cent of the country's GDP. This industry provides direct employment to approximately 2.5 million people. However, gems and jewellery sector is facing various problems such as dependence on imports, changing fashion, lack of demand, promotion etc. In this study, an attempt has been made to describe the marketing and human resource problems faced by EPIP. Inspite of all these problems, the future of Jaipur gems and jewellery industry is quite promising, only when the government of India takes proper initiatives towards resolving these issues.
166919550
A STUDY OF DIAMOND TRADE VIS. A VIS. GEMS AND JEWELLERY TRADE AND TOTAL MERCHANDISE TRADE OF INDIA DURING THE LAST DECADE
India is one of the world's most competitive and rapidly growing gems and jewellery market. Highly skilled and cheap manpower, along with strong government support in the form of incentives and establishment of SEZs, has been driving market growth for the past few years. Based on various market fundamentals, analysts have forecast CAGR of 14.7% for the gems and jewellery industry in India. Diamonds is one of the most important constituent of gems and jewellery trade of India. Against this background, the present research paper analyses the growth of diamonds trade of India vis a vis gems and jewellery trade and exports from India.
Neelam Arora
213184065
Gems and Jewellery Industries Culture and Sensitivity a case study of Karnataka
India is one of the largest exporters of Gems and Jewellery. The industry plays a vital role in the Indian economy for its role as a major contributor to the total foreign exchange reserves of the country.The overall net exports of Gems and Jewellery registered an annual growth of 9.1% to reach 35.6 bn during 2016 17. Exports of cut and polished diamonds, gold jewellery and silver jewellery registered a growth of 10.2% 1.9% and 35.9% respectively during 2016 17. Exports of gold coins and medallions from India stood at 1.9 bn, while exports of silver jewellery stood at 3.3 bn during April 2017 February 2018.India is also a major importer of gems and jewellery. The imports of gems and jewellery increased at a CAGR of 7.8% from 11.63 bn in 2004 05 to 28.8 bn in 2016 17. The imports during April 2017 February 2018 stood at 28.3 bn.US, Hong Kong and UAE are the major exporters, who accounted for 75% of the total gems and jewellery exports from India during 2016 17. Other big importers of Indian jewellery include Russia, Singapore, Latin America and China. The market size of Gems and Jewellery in India contributes to about 7% of the country's GDP. Gems and Jewellery industry contributes to about 16% to India's total merchandise exports and has grown at a CAGR of over 14.8% over the last 50 years. The Gems and Jewellery industry in India is one of the largest in the world, contributing 29% to the global jewellery consumption.The overall market size is expected to reach 110 bn by 2022 from approximately 60 bn in 2017. The industry that currently employs over 4.5 mn people, is expected to provide employment opportunities to over 8.2 mn people by 2022. This study is on the culture research, sensitivity and method forward for jewelry and gem exchange of India, because this sector plays an enormous role among the Indian economy one in every of the fastest growing sectors contributing around 6 7 per cent of the country's gross domestic product. This study is conducted with the help of case studies and reports published to throw light on the market scenario of India and the expected growth in jewellery and gem industry. China and India are leading the market in terms of process jewellery and gems, supported its potential for growth and price addition; the govt of India has declared the gems and jewellery sector as a spotlight house for export promotion.
Badiger Shivanandachar