Mumbai: The government works to provide an environment that allows environmental and market access to the gem and jewelry sector, the Union Minister Piyush Goyal said on Saturday.
Trade and Minister of Industry speaks at the layout of stone foundations for the Mega Public Facilities Center in the Export Zone of Santacruz Special Economic Zone (SEEPZ SEZ).
“We need to make this industry not the $ 40 billion industry but have a much larger ambition.
We will do everything to reach truly extraordinary numbers that you have shown to be raised as this trade potential.” We work with many countries to provide an environment that allows and accesses the market especially for the gem and jewelry sector, “Minister of Trade and the Union Industry, Consumer and Food Affairs and Public Distribution and Piyush Textiles Goyal said this project is expected to be inaugurated in May 1, 2023.
“We aim to complete this project against the Wind Covid,” said Minister.
Goyal further said the government also worked on the decision to change and reconstruct SEEPZ.
“Incidentally, we have made many other decisions.
about the overall repair and reconstruction of all zones Seepz.
Ideally, we can use the same methodology that has been done for this project, “he added.
Mega CFC will provide general manufacturing processes and related services for the jewelry industry.” The new Mega CFC will provide Fillip to a small producer for scale.
The quality of their production and this, in turn, will further contribute substantially to the exports of the state.
Mega CFC will not only be a facility to provide training and skills, but a strong development symbol, “said Zonal Sez Sez Shyam’s commissioner Jagannathan Shriram.
This will help reduce production costs and lead to the transfer of knowledge among these units, thus giving competitive advantage Crore for rejuvenation and rebuilding Seepz-sez, and the establishment of Mega CFC with the RS 70 Crore budget, “said Chairman of the Export Board of Permata Colin Shah.” This project aims to bring a gem and jewelry sector a step closer to Atmanirbhar Bharat imagined for the nation , “Shah said.
At present, SEEPZ contributes around $ 3 billion for us.
The total gem and export of jewelry every year, but with better infrastructure and technology, it has the potential to contribute to $ 7-10 billion per year, he added.