IGI announces the opening of its state-of-the-art Laboratory in Hyderabad

The IGI Lab will facilitate faster, easier and better inter-market communication and certification in the jewellery industry from Panjagutta – Hyderabad.

Post By : IJ News Service On 01 April 2013 12:33 PM
The All India Gems and Jewellery Trade Federation (GJF), represented by a group of 55 members approached Shri Ajay Shankar, Principal Secretary, DIPP, Ministry of commerce, Govt. of India, with a proposal on improvising the gem and jewellery industry. GJF representatives put forth a plan to address concerns of national council, mandatory hallmarking, gold imports, jewellery marketing and promotions including: The federation has acknowledged the need for Hallmarking. TRUSTMARK is standardised on product, systems, management, communication, sales and marketing, after sales, buyback and pricing policy; need for gold loans repayable over 360 days which would benefit the local and export jeweller in cycling his production viably; issue of ID cards for hassle free transit of jewellery; increase in Audit Limits from Rs 40+ lacs to Rs. 2 crores to encourage small entrepreneurs to fully declare their activities and be transparent in their dealings; promoting jewellery education and bring jewellery engineering as a specialisation soon after high school. %% In response to these proposals, DIPP showed a positive feedback. Taking off from a proposal made by Shri. Ajay Shankar for the federation to be converted into a quasi-governmental body for effective governmental support, the Ministry of Commerce has granted formal approved for the federation to be converted into a national council and the Dept. of Industrial Policy and Promotions (DIPP) has promised to work closely with the National Council to contribute to the development of the industry. %% Also, DIPP has pledged its support for better housing for craftsmen and for the setting up of jewellery parks in the five metros among a few, based on a finding that most artisans across the country lacked the best of facilities, thereby affecting the wellbeing and quality of work.

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