Tuesday, 11th May 2004 (4237 views)

Gold jewellers are focusing on exports as a key area in India and are opening manufacturing units and design centres to boost quality.

According to reports it is hoped that exports will increase by around 30 per cent this year from new demand created by better designs and product quality, reports Hindustan Times.

Vice-chairman of the Gem and Jewellery Export Promotion Council, Bakul R Mehta told Reuters: "There is a potential to repeat last year's performance, but I think a growth rate of about 30 per cent is possible this year, and that will be considerably good."

The industry is also working towards promoting Indian gold jewellery in Hong Kong, the US and the Middle East.

India is the world's largest consumer and importer of the yellow metal and its key product is handmade jewellery, accounting for a quarter of exports.

 

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