On 23rd July 2016, Indian Prime Minister Shri Narendra Modi visited Vigyan Bhawan, Delhi to address an event of All India Gems and Jewellery Trade Federation. PC Jeweller Managing Director Shri Balram Garg, Gems and Jewellery Export Promotion Council (GJEPC) Chairman Praveen Shankar Pandya, Shri Piyush Goyal, Shri Amit Shah, Shri G V Shridhar and Shri Santosh also attended this event. He asked the Gems and Jewellery Sector of the nation to establish a global presence and urged to look beyond the domestic market.

Addressing at the event, PM Modi recalled the issues related to the excise duty and said that these issues gave an opportunity to the Gems and Jewellery Industry to better understand the working of government. Moreover, it has also provided an amazing opportunity to the government of India to go through the intricacies of the sector to acknowledge the changes and the processes. According to Shri Narendra Modi, it is the general fact that we wanted to win you over and we have won over each other. Things like bending happens during the battles but we are not battling each other. The government of the nation is for the people and our doors are always open to provide an effective solution to the individuals.

PM Modi said that we should focus on prime objectives i.e. development of skills and innovation so that we become able to increase the global demand of the handcrafted jewellery pieces. He talked about the gold monetisation scheme which will play an important role in order to mobilise idle gold lying with the households which in turn will propel the economy of the nation. He said that jewellery market is the biggest market and also the largest growth has been observed in this sector during the last few years. He mentioned about handwork manual jewellery, the craze of which has attracted many people all over the world.

PM Modi mentioned that innovation is a very important factor to consider for Make in India Mission and this happens, when we focus on skill development and technology upgradation. He said that if you want the industry to make it transparent, then there is a need to provide a level playing field. He asked the government to set up the jewellery parks in the country and provide them common facilities. PC Jeweller Managing Director Balram Garg appreciated his decision and said that the sector’s future is bright and asked the government to extend its full support for the growth of the industry. He mentioned that only 25% of the jewellery market is organized and moreover, the intention of the Indian government also supports the fact to turn it into a big industry. Past Chairman of GJF Bachhraj Bamalwa said that the government should formulate a separate gold policy to promote growth in the sector. In 2013, the government increased the import duty to 10% with an aim to discourage the imports and contain current account deficit (CAD).

Shri Narendra Modi mentioned about the institute of skill development in Gujarat which was inaugurated by him in order to provide a big platform to the jewellers. He said that Man-made jewellery comprise an amazing art and many efforts have been involved in the jewellery making process like extraction of pure gold, removal of impurities, molding and shaping process. In India, the process of refining and extracting gold has also been explained in the ancient culture and it has been followed by one generation to another. According to Shri Narendra Modi, we should work on designing process and along with this, we should also focus on quality of products and zero defects. He said that Make in India Mission is not about the productivity, in actual, it focuses on providing quality products to the customers all over the world. PM Modi laid stress on maintaining quality of products which will help Make in India to become top quality brands of jewellery articles.

PM Modi said that along with the development of skills and innovation in the Gems and Jewellery Sector, we will also consider Human Resource Development and Technology Up-gradation in different process like diamond cutting and shaping techniques. He mentioned about the skill university in Baroda where people associated with Gems and Jewellery Sectors can get the syllabus according to the requirements.

Prime Minister Shri Narendra Modi also said that people should declare any black money by September 2016, so as to sleep peacefully. He also asked the jewellery experts to get involved in initiatives executed by the government of India like “Skill India” and “Make in India” so that they can contribute their true efforts in the development of the nation. He said that there was a need to innovate to manufacture high quality products so that people can trust the quality parameters and buy them with their eyes closed. According to him, we need to innovate to create products which not only have superior quality but also fulfill the need of customers, satisfying several other parameters like designing, price etc. Products made in India should be such that people trust the brand name and buy them.

Contributor: Sunpreet Kaur