DEPARTMENT OF INDUSTRIES AND COMMERCE,
GOVERNMENT OF TELANGANA
Industry outlook, Opportunity in Telangana
The Gems and Jewellery sector plays a significant role in the Indian economy, contributing around 7 per cent of the country’s GDP and 15 per cent to India’s total merchandise exports. It also employs over 4.64 million workers and is expected to employ 8.23 million by 2022. One of the fastest growing sectors, it is extremely export oriented and labour intensive. Government of India has declared the Gems and Jewellery sector as a thrust area for export promotion due to its potential for growth and value addition.
India is the hub of the global jewellery market because of its low costs and availability of high-skilled labour and it exports 75 per cent of the world’s polished diamonds. The Indian government presently allows 100 per cent Foreign Direct Investment (FDI) in the sector through the automatic route. The sector employs over 4.64 million employees and is expected to employ 8.23 million by 2022. The cumulative FDI inflows in diamond and gold ornaments in the period April 2000 – December 2019 were US$ 1.17 billion, according to DPIIT.
Gems and Jewellery is one of the 14 thrust sectors under the Telangana government’s industrial policy. Hyderabad is a world-renowned centre for precious and semi-precious studded jewellery. Hyderabadi pearls and lacquer bangles made by local artisans are known all over the world. Value-addition to these traditional products and diversification into other gems and jewellery items will provide the much-needed relief to local artisans and craftsmen.
Hyderabad Gems SEZ Ltd is a central govt. approved Diamond Processing Zone (SEZ) promoted by Mumbai based Gitanjali Group. The Zone has 75-100 diamond, jewellery, and jewellery-watch manufacturing units, besides training centre for manufacturing jewellery and cutting and polishing of diamonds. It is the destination for manufacturers, businessmen and entrepreneurs in the field of gems & jewellery for both gold & diamonds. The facility houses cutting and polishing units, testing laboratories, certification centres, banks, merchandising centres and other services relevant to the trade. In addition, the group is ensuring availability of the requisite talents by providing training opportunities with an institute planned at the location. In addition, the park also feature a diamond certification lab.
- Jewellery Export Promotion Council (GJEPC) – Apex body of the gems and jewellery industry and today it represents over 7,000 exporters in the sector.
- Gems and Jewellery Skill Council of India (GJSCI) – Nodal entity for skill development of the Indian Gems & Jewellery industry by National Skill Development Corporation (NSDC).
- Indian Institute of Gems and Jewellery (IIGJ) – Learning institute set up under the aegis of Min of Comm & Inds as a GJEPC initiative.
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