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.