News Jems And Jewellery Sector Lay Off
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Title: News Jems And Jewellery Sector Lay Off

Essay Details:

Subject: History
Author: Cornelius C
Date: March 24, 2014
Level: University
Grade: A
Length: 1 / 270

Essay text:

The country manufactures 90 per cent of the world's diamonds as per the industry players, while Surat alone accounts for 70 per cent. "But we are passing through a very rough phase with employment of miners and those polishing gems at risk," Federation of Indian Chamber of Commerce and Industry (FICCI) Secretary General Amit Mitra said. "Value addition with manufacturing of studded jewellery could result in addition of nearly one million workers in the segment in next five years," Choksi said, adding the government should take steps such as setting up a SEZ and increase in interest subsidy. GJEPC has demanded that the industry, which accounts for over 13 per cent of the country's total exports, should be given dollar support by the Reserve Bank of India...

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