Govt to make India an international ‘diamond trading hub’: PM Modi
 Source : News Bharati English  Date : 20-Mar-2017

Mumbai, March 20: Prime Minister Narendra Modi has said that his Government is focusing on to make India an international diamond trading hub. Addressing the International Diamond Conference through video conferencing last evening, PM Modi said that the Centre has taken transformative initiatives like Make in India and Skill India and the gems and jewellery sector is a prime example of the potential of these initiatives.

PM said, the Special Notified Zone at the Bharat Diamond Bourse became operational in November 2015 and it has already shown good results. Earlier, only 80 to 90 merchants used to get access to global rough diamonds by travelling to Belgium Africa and Israel. Now about three thousand, and this number is not a small number, about three thousand small and medium merchants have this privilege through the new special notified zone.

India has emerged as the leader in diamond manufacturing and export. Exports of gems and jewellery from India account for fifteen percent of India’s total merchandise exports. This is one of India’s success stories. From just twenty eight million dollars in 1966-67, exports reached one billion dollars in 1982-83 and two billion dollars in 1987-88. It crossed ten billion dollars in 2003-04, twenty billion dollars in 2007-08 and is now nearly forty billion dollars, Modi said.

India cherishes exceptional relations with Africa and they are natural partners. He said, India will be happy to support Africa in Gems and Jewellery sector. It is important for the industry to plan its growth. But that is not enough. It is also necessary for you to think of the weakest among you. The Council should consider taking a census of the lowest-paid and least prosperous persons in your industry,  for example the workers living in places like Jaipur, Thrissur, Varanasi, Rajkot, Jaipur and Coimbatore, he added.

The Prime Minister said, the Gems and Jewellery industry should think of encouraging start-ups by entrepreneurs who can create a growing market for made to order Indian jewellery. It is important for the industry to plan its growth. But that is not enough. It is also necessary for you to think of the weakest among you. The Council should consider taking a census of the lowest-paid and least prosperous persons in your industry,  for example the workers living in places like Jaipur, Thrissur, Varanasi, Rajkot, Jaipur and Coimbatore. On the occasion, the Gems and Jewellery Export Promotion Council gave 21 Crore rupees for Clean Ganga Fund.