The Directorate of Industries (DI) held an important roundtable consultation on 5th March to discuss and develop a thorough policy for the gem and jewellery industry. The meeting, led by the Directorate of Industries, gathered essential stakeholders, industry specialists, and representatives from GJEPC.
The main focus of the consultation was to pinpoint and discuss necessary policy measures and support strategies aimed at fostering growth and ensuring the long-term viability of the sector. Officials from DI facilitated the discussions, promoting an effective and focused exchange of ideas.
Key topics of discussion included establishing a dedicated vault to support the procurement of precious metals for export, optimizing the supply chain to boost competitiveness, the establishment of a centralized sourcing hub for gems and jewellery, the significance of state support in cultivating and bolstering gem and jewellery clusters, and the provision of sufficient working capital and financial aid to companies.