{"id":6847,"date":"2024-01-25T06:07:27","date_gmt":"2024-01-25T06:07:27","guid":{"rendered":"https:\/\/jewellerynewsindia.com\/?p=6847"},"modified":"2024-01-25T06:08:53","modified_gmt":"2024-01-25T06:08:53","slug":"the-special-interactive-session-with-santosh-kumar-sarangi","status":"publish","type":"post","link":"https:\/\/jewellerynewsindia.com\/index.php\/2024\/01\/25\/the-special-interactive-session-with-santosh-kumar-sarangi\/","title":{"rendered":"The special interactive session with Santosh Kumar Sarangi"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

Key insights from the exclusive interactive session featuring Santosh Kumar Sarangi, DG, Director General of Foreign Trade (DGFT)<\/a> at the Ministry of Commerce & Industry<\/a>, Government of India. Here is the top ten key takeaways!<\/p>\n\n\n\n

1: India stands as one of the largest buyers of gold globally, showcasing considerable buying power that can potentially influence the streamlining of gold prices and availability.<\/p>\n\n\n\n

2: Recognising the fragmented nature of gold demand in India, spanning from small to large jewellers and varying from kilograms to tons, there’s a pressing need for streamlining.<\/p>\n\n\n\n

3: India currently holds the position of the 4th largest exporter. With immense potential, the aim should be to become the foremost exporter globally.<\/p>\n\n\n\n

4: Drawing a parallel with Switzerland, we need champions in India investing in creative designs catering to Western tastes.<\/p>\n\n\n\n

5: Collaboration between the Department of Commerce<\/a>, GJEPC<\/a>, and leading brands is essential to formulate a robust branding strategy positioning India as a top supplier and value-added provider of gold jewellery.<\/p>\n\n\n\n

6: Challenges related to ICR rules, tariff rate quotas, and other obstacles will be addressed in tandem with the gems and jewellery division in DOC.<\/p>\n\n\n\n

7: Integration of CAD, CAM, and AI for design creation, sourcing, and virtual presentation to customers is essential for future growth.<\/p>\n\n\n\n

8: GJEPC<\/a> urged to take the lead in creating a virtual exhibition centre to showcase new designs in a three-dimensional environment, thereby supporting small and medium-level jewellers, and securing international purchase orders.<\/p>\n\n\n\n

9: The potential of e-commerce in cross-border transactions is vast, with estimates predicting a rise to 2 trillion dollars by 2030. To encourage this platform, the consignment value for e-commerce exports is increased to Rs.10,00,000.<\/p>\n\n\n\n

10: GJEPC<\/a> urged to organize outreach programs in interior regions to facilitate understanding and adoption of e-commerce platforms.<\/p>\n","protected":false},"excerpt":{"rendered":"

Key insights from the exclusive interactive session featuring Santosh Kumar Sarangi, DG, Director General of Foreign Trade (DGFT) at the Ministry of Commerce & Industry, Government of India. Here is the top ten key takeaways! 1: India stands as one of the largest buyers of gold globally, showcasing considerable buying power that can potentially influence […]<\/p>\n","protected":false},"author":1,"featured_media":6848,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6847","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"\nThe special interactive session with Santosh Kumar Sarangi - JNI<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/jewellerynewsindia.com\/index.php\/2024\/01\/25\/the-special-interactive-session-with-santosh-kumar-sarangi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The special interactive session with Santosh Kumar Sarangi - JNI\" \/>\n<meta property=\"og:description\" content=\"Key insights from the exclusive interactive session featuring Santosh Kumar Sarangi, DG, Director General of Foreign Trade (DGFT) at the Ministry of Commerce & Industry, Government of India. 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