In a bid to boost the Indian jewelry sector the government is planning to project Indian jewellery as a global brand on the lines of Gold Group of Dubai.
India is one of the largest diamond cutting and polishing centres but today it is facing severe competition from China.
The government backed organisation would introduce smart cards for jewellery manufacturers to facilitate them in trading of gems or jewellery at both domestic as well as international markets as they face harassment during transportation of goods, especially due to anti-money laundering provisions.
It would also help in collection of data and statistics like value and volume of turnover and number of people employed.
Providing some kind of certification for jewellery on the lines of Dubai's Gold Group is on the cards.
A report in this regard has already been submitted by a committee appointed by Finance Ministry under Chairmanship of former Revenue Secretary MR Sivaraman.
The jewelry sector is one of the largest employment generators and contributes 4 percent of the country's GDP.
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