GJEPC to set up gem & jewellery institutes in Varanasi, Udupi

14-04-2017 11:55 AM

AOJ E-NEWS: The Gem & Jewellery Export Promotion Council of India (GJEPC) is setting up the Indian Institute of Gem & Jewellery (IIGJ) at Varanasi in Uttar Pradesh and Udupi in Karnataka to enhance artisans skills for gem & jewellery sector.

"We are setting up two more IIGJ institutes in Varansi and Udupi and expand our Mumbai facility. We are investing around Rs 35 crore of which Rs 20 crore are spent on the Varanasi facility spread over 8,000 square feet area," said IIGJ Head- Sanjoy Ghosh.

"We are also investing Rs 7 crore in Udupi facility, which is expected to start shortly. The expansion of Mumbai centre will cost Rs 5 crore for adding two more floors," added Ghosh.

The governments Assistance to States for Infrastructure Development of Exports (ASIDE) scheme will provide assistance of 50 per cent in the proposed funding, said Ghosh.

"With Maharashtra government supporting initiatives such as the Jewellery Park and gems & Jewellery University, successful graduates from IIGJ can access several career opportunities," GJEPC Chairman Praveen Shankar Pandya said.

Courtesy: India Today

Tata's jewellery brand Zoya aims Rs 500 cr revenue in next 5 years

01-06-2020 12:25 PM

Tata's diamond jewellery brand, Zoya, aims to generate a business of Rs 500 crore in the next 5 years, as it looks to increase its presence in the top metros of the country, said a top executive of the company...

Malabar Gold & Diamonds offers best price for old gold

01-06-2020 12:20 PM

Malabar Gold & Diamonds, which has re-opened its showrooms in Karnataka in line with the COVID-19 protocols, is offering an opportunity to the customers to sell their old gold ornaments at best prices and maxi...

West Bengal's skilled artisans leave another gold-jewellery making hub of Meerut

01-06-2020 12:15 PM

On a day newspapers announced gradual reopening of economy, over 2,500 gold jewellery artisans from West Bengal thronged Meerut railway station on Sunday to grab the “first opportunity” to leave the city after...

Regaining glitter in jewellery business to take some time

01-06-2020 12:10 PM

Amit Chopra, owner of Leader Jewellers, feels that the current situation due to the corona outbreak in different parts of the world is certainly affecting the jewellery business in a big way, but he is hopeful...

Forevermark optimistic about market recovery

01-06-2020 12:5 PM

Sales at Forevermark’s stores in China have recovered strongly since the peak of Covid-19, with customers returning quicker than expected, the De Beers-owned retail brand reported. “While much of our world...

India's Diamond Industry hit by 2% online sales tax

01-06-2020 12:0 PM

India's diamond industry, already reeling from COVID-19, has been dealt another blow, with the introduction of a two per cent online sales tax. The so-called Equalization Levy will be applied to all sales mad...