Budget sops likely for gems and jewellery
sector
16/01/2015 12:49
The gems and jewellery sector, one of the focus areas of the ambitious Make in India programme, may get incentives in the Union Budget next month, said the media report.
The sector contributes significantly to growth in the country's overall exports and has been identified by the government as one of the 25 focus segments for 'Make in India' campaign.
Commerce and Industry Minister Nirmala Sitharaman hinted that the sector may get some incentives soon.
The issues related to this sector were widely discussed recently at a 'Make In India' workshop and a presentation was given to Prime Minister Narendra Modi in this regard by Commerce Secretary Rajeev Kher.
A huge export potential exists in the sector and "I expect that some suggestions made in the presentation" may figure in the Budget, Sitharaman said here at the CII's Partnership Summit last evening.
Speaking at the event, Sitharaman also sought domestic and foreign investments in states, while adding that the 'Make In India' campaign mainly focuses on states.
16/01/2015 12:49
The gems and jewellery sector, one of the focus areas of the ambitious Make in India programme, may get incentives in the Union Budget next month, said the media report.
The sector contributes significantly to growth in the country's overall exports and has been identified by the government as one of the 25 focus segments for 'Make in India' campaign.
Commerce and Industry Minister Nirmala Sitharaman hinted that the sector may get some incentives soon.
The issues related to this sector were widely discussed recently at a 'Make In India' workshop and a presentation was given to Prime Minister Narendra Modi in this regard by Commerce Secretary Rajeev Kher.
A huge export potential exists in the sector and "I expect that some suggestions made in the presentation" may figure in the Budget, Sitharaman said here at the CII's Partnership Summit last evening.
Speaking at the event, Sitharaman also sought domestic and foreign investments in states, while adding that the 'Make In India' campaign mainly focuses on states.
