Govt should implement uniform gold rates across India
Kochi: With the global economic scene looking up again, the gems and jewellery industry, which was impacted by the recession, is expected to get back on track, C Vinod Hayagriv, Chairman, All India Gems and Jewellery Trade Federation, said on Saturday.
The gems and jewellery industry faces numerous challenges like the rising prices of raw material and also faces constant threat of high competition from countries including China and Turkey, in jewellery polishing and manufacturing, he said.
The government should recognise the trade as an industry, and implement uniform gold rates across India, Hayagriv told reporters here.
Hayagriv said that India has over 3 lakh jewellers and the industry employs more than one crore people.
Organisations liks All India Gems and Jewellery Trade Federation (GJF) constantly endeavour to improve the standards of jewellery sector and the lives of those linked to it, he said.
More from India
More from World
More from Sports
More from Entertaiment
- Panel discussion over continuous chaos in Parliament on demonetisation
- DNA: Know why Jayalalithaa was buried and not cremated
- Opposition observes 'black day' to mark one month of demonetisation
- 800 tourists stranded in Andamans due to heavy rains, Navy launches rescue operation
- Watch shocking visuals - Speeding car rams pedestrians in Kolkata, 3 killed
- Twitter users blast Arvind Kejriwal as he says 'Modi will never appoint a Muslim Vice President no matter what Jung does'
- Yuvraj Singh-Hazel Keech Reception: MS Dhoni, Sourav Ganguly, Virender Sehwag attend lavish party — PHOTOS INSIDE
- Pakistan International Airlines plane from Chitral to Islamabad crashes near Havelian, 48 people dead
- Gali Janardhana Reddy converted Rs 100 crore black money by paying 20% commission, claims driver's suicide note
- Was Rahul Gandhi smiling during Jayalalithaa's funeral? Twitter users share pictures as proof