Monday, 26th April 2004 (3107 views)

Gold jewellery exports have seen a 68 per cent increase in India, according to latest figures.

The Gem & Jewellery Export Promotion Council, India's top body for gem and jewellery promotion revealed that overall gem and jewellery exports grew by 31 per cent, whilst gold jewellery rose to $2,545 million this year.

Sanjay Kothari, chairman, The Gem & Jewellery Export Promotion Council told News Today: "The industry is ecstatic; we have crossed last year's exports by almost $3 billion surpassing our fiscal target of $10 billion set by the industry.

"We have not only surpassed it greatly but are hopeful of achieving the council's vision of touching $16 billion by 2007."

The gold jewellery sector is now set to come under a major revamp including huge marketing plans as part of a scheme to help the industry achieve the $16 billion target.

 

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