Thursday, 7th July 2005 (4112 views)

India could emerge as a powerhouse in the global jewellery industry, acting as hub for trade in the gold and other precious metals sector.

The chairman of the Gem & Jewellery Export Promotion Council, Bakul R Mehta, said there was massive potential in the country.

Mr Mehta was speaking ahead of the India International Jewellery Show, telling reported from India Infoline that he was confident of major growth o the back of the momentum the event would generate.

"This year, we expect a growth of 20 per cent in the volume of business generation, over the previous year. As a facilitator for the industry, we do not normally consider the economic viability, however we usually go beyond the break-even level," he said.

He went on to outline the strong demand for attendance at the show, in appositive sign for the industry.

"We expect 35,000 domestic and 2,500 international visitors, as around 11,800 domestic visitors and 657 international visitors have already registered before hand. There would be 1500 booths and 700 exhibitors, including around 100 international exhibitors," he explained.

The show will be held between June 14th and June 18th in Mumbai.

 

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