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Monday, 20th June 2005 (5779 views)

Traditional goldsmiths in India are working together in order to try and improve business, as the market continues to change and imported jewellery takes over.<br/><br/>Imported, particularly well-designed ornaments have forced many artists in India to leave the sector, but now new cluster model businesses are working to stay in the business.<br/><br/>Under new plans goldsmiths work as a cluster and receive funding, looking to upgrade technology, a vital move if they are to compete with businesses elsewhere.<br/><br/>One cluster that has already been set up is Gayathri Ornamental Stones in Elettil and now around 60 goldsmiths are expected to be brought under the cluster development project.<br/><br/>Bank loans have now been set up for 26 goldsmiths to take part in the cluster model and financing will be provided depending on individual requirements.<img alt="track" src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=8788683"/>

 

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