PROFILE:

Gems and jewellery industry in India occupies a significant position in the Indian economy. It is also one of the fastest growing Industries in the country. The cutting and polishing of Diamonds and precious stones is one of the oldest traditions in India and the country has earned considerable goodwill, both, in the domestic and international markets for its skills and creativity. India was also the first country to have introduced diamonds to the world. The country was the first to mine diamonds, cut and polish them and also trade them. It accounted for 16.7 per cent of India's total Merchandise Exports. At present India exports 95% of the world’s diamonds.

RESOURCES:

Gujarat is the leading state in India in gems and jewellery sector, as it contributes to about 72% of the total exports of India. Gujarat has a well established diamond industry. Diamond processing and trading unit are spread across the State in cities such as Surat, Ahmedabad, Palanpur, Bhavnagar, Valsad and Navsari. Gujarat accounts for about 80% of diamonds processed and 95% of diamonds export from India. Surat has 65% share in India's diamond trade. Highly skilled workforce Gujarat’s comparatively cheaper and skilledworkforce can be effectively utilized to setup large low cost production bases for domestic and export markets. Gujarat’s Gems & Jewellery sector is expected to grow at a rate of 15%.

GOVERNMENT POLICIES:

The government's interest in the sector is evident from the FDI policy which allows 100% FDI and 74% in exploration and mining of diamonds and precious stones and 100% for gold and silver and minerals exploration, mining, metallurgy and processing. Gems and Jewellery, diamonds and precious metals have been given a special thrust by the Ministry of Commerce & Industry, Government of India, under the Foreign Trade Policy through the following measures:

Allowing 100 per cent FDI in the gems and jewellery sector under the automatic route;

Abolishing duty on polished diamonds;

Lowering import duty on platinum and exempting rough, coloured, precious gems stones from customs duty.  Rough, semi –precious stones are also exempted from import duty;

Setting up of Gems and Jewellery Parks and SEZs to stimulate sectoral investments;

Allowing import of gold of 8 k and above under replenishment scheme, subject to the condition that import being accompanied by an Assay Certificate specifying purity, weight and alloy content;

Permitting import of Diamondson consignment basis for Certification /Grading, and re-export by the authorized offices/agencies of Gemological Institute of America (GIA) in India or other approved agencies.

OPPORTUNITIES FOR ENTREPRENEURS:

Gems and Jewellery are one of the fastest growing Industries in the country. Following are some of the identified projects to venture:

·       Diamond blade

·       Diamond cutting & tools

·       Diamond tools & wheels

·       Gem cutting & processing unit

Niir Project Consultancy Services (NPCS) provides you detailed project reports (DPR) on the above fields. Each detailed project reports cover all the aspects of business, from analysing the market, confirming availability of various necessities such as plant & machinery, raw materials to forecasting the financial requirements. The scope of the report includes assessing market potential, negotiating with collaborators, investment decision making, corporate diversification planning etc. in a very planned manner by formulating detailed manufacturing techniques and forecasting financial aspects by estimating the cost of raw material, formulating the cash flow statement, projecting the balance sheet etc.

We also offer self-contained Pre-Investment and Pre-Feasibility Studies, Market Surveys and Studies, Preparation of Techno-Economic Feasibility Reports, Identification and Selection of Plant and Machinery, Manufacturing Process and or Equipment required, General Guidance, Technical and Commercial Counselling for setting up new industrial projects on the following topics.

Many of the engineers, project consultant & industrial consultancy firms in India and worldwide use our project reports as one of the input in doing their analysis.

 Contact Us

 NIIR Project Consultancy Services (NPCS)

106-E, Kamla Nagar, New Delhi-110007, India

Email: [email protected]

Tel: +91-11-23843955, 23845654, 23845886

Mobile: +91-9811043595

Fax: +91-11-23841561