CII asks gems & jewellery sector to go for niche products to face China
23 Jun '06
1 min read
Confederation of Indian Industry in a statement informed that increased competition is expected to force the Indian gems and jewelry industry to focus on high-end products.
The sector contributes 10 percent of India's total exports and its major markets are the United States, Hong Kong and Middle East.
Chinese modern factories manufacture jewelry at competitive prices and India faces a this problem.
Indian jewelers are trying to expand their capacities and explore new markets to meet rising overseas demand.
It must create a fund to help gem and jewelry makers upgrade technology and effectively meet competition from China.
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