Trade stares US$100bn size by 2025!
Update 3: Just concluded Manthan 2018 also moved up to ink & launch their Vision 2025 for GJ (Gem-n-Jewellery) Sector. According to Nitin Khandelwal, Chairman, GJC, “With Manthan 2018, we shall launch our Vision 2025 program for an indigenous gems & jewellery sector sized at USD 100 billion in sync with our Prime Minister’s Vision of promoting Indian handcrafted jewellery and designs.”
India’s GJ business is a sterling example of Make-in-India contributing around 7% of the country’s GDP. The sector provides jobs to more than 46 lakh people of the country, thus making significant contribution to the country’s socio-economic framework. GJC has a roadmap for adding 2 million (20 lakh) new jobs in the gems & jewellery sector including 40% of the new jobs for women.
On the growth road map, Manthan 2018 also referred that, West Bengal Government has given land sized 25,000 sq. ft for a gem & jewellery park at Ankurhati, Domjur, and Maharashtra Government proposes gem & jewellery park on 25-acre land in Navi Mumbai.
“Manthan 2018 will be the first amongst many more by GJC to usher in a new phase of evolution for Indian jewellers especially in terms of showcasing our design capital, marketing, distribution and merchandising capabilities” said Nitin Khandelwal. Process of evolution is necessary for any development-n-growth!
GJC’s Manthan 2018 conclave turned to be one of its kind initiative for the benefit of the GJ industry. Participants learnt the insights about how to grow business while learning the ways and means to implement and successfully execute it to earn multiple benefits.
It has become an annual platform for knowledge sharing and the flagship event will help in promoting a common platform to share expertise & knowledge. The conclave set the 2025 Growth Vision for India’s gems & jewellery sector, a one-of-its-kind initiative, which will provide insights to jewellers about how to grow their diverse businesses in a sustainable manner; implement and successfully execute their strategies to earn multiple benefits.
