Facility centres for jewellery sector to help workers improve quality: Govt
PTI, Feb 4, 2020, 5:44 PM IST
New Delhi: Setting up of common facility centres (CFCs) in the country for gems and jewellery sector will help marginal workers upgrade their product quality and output, the Commerce Ministry said on Tuesday.
Gems and jewellery exports account for more than $40 billion (about Rs 2.84 trillion) annually, employing more than 5 million people across the country.
The industry has a huge potential to grow and it is the aim of the ministry to boost exports to $75 billion (about Rs 5.32 trillion) by 2025, it said in a statement.
It said that one such CFC is being set up in Kolkata for gems and jewellery artisans.
“This CFC will benefit one lakh artisans engaged in the manufacturing of handmade jewellery in and around Bowbazar, a major jewellery hub of Kolkata,” the ministry said.
The centre will enhance the productivity and quality of products, especially the small gem and jewellery units, it added.
Apart from introducing trade-friendly policies for the sector, the ministry is also facilitating the industry through the creation of an infrastructure in the form of CFCs.
A jewellery CFC is also being set up at Coimbatore and is expected to be completed by March 2020.
Similar centres have already been set up at major diamond clusters in Gujarat like Amreli, Palanpur, Visnagar and Junagadh.
“The objective of setting up CFCs is to give the small and medium jewellery manufacturing units access to a common pool of high-end and capital-intensive state-of-the-art machinery/equipment which is otherwise unaffordable for individual small and medium jewellery manufacturers,” it said.
The SME (small and medium enterprises) units located in small towns like Coimbatore, Hyderabad, Jaipur, Rajkot and interior villages are still operating with old technology, and this has affected the quality of the finished goods produced, it added.
“The artisans/goldsmiths in these places undertake the work on job-work-basis from wholesale jewellery manufacturer/retail jewellers. They use outdated technology to manufacture the jewellery,” it said.
Usage of technology like casting technology, finishing techniques like tumbling and magnetic polisher are being used only in a few of the units, it added.
“The CFCs will empower the trade in this sector and increase overall productivity, yield and timely delivery,” it said.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Gold jumps Rs 350 to Rs 79,200 per 10 gm; silver surges Rs 900
Osamu Suzuki, who ignited Indian automobile industry passes away at 94
RBI permits UPI transactions via prepaid payment instruments using third-party apps
Banks can charge over 30% interest on credit card dues: SC
Stock markets settle flat in muted trade; Adani Ports spurts over 5%
MUST WATCH
Latest Additions
Two youths die after bike hits canter while performing stunt wheelies
Karkala: Thief posing as customer steals jewellery, escapes
Shivakumar seeks research centre at Bangalore University for Ex-PM Manmohan Singh
Kharge urges PM Modi to conduct last rites of Manmohan Singh at a place where memorial can be built
Shuttler Lakshya sails into semifinals of King Cup
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.