Lab-Grown Diamonds Industry Representatives Meet Piyush Goyal

The minister discussed promotion of R&D, setting up of facilities and skilling manpower

Post By : IJ News Service On 18 May 2022 8:36 PM

Piyush Goyal, the Union Minister for Commerce & Industry; Consumer Affairs, Food & Public Distribution and Textiles recently chaired a meeting with the representatives of the Lab-Grown Diamonds Industry in the capital city of New Delhi. The meeting had discussions on various promotional activities for the development of this sector. Discussions on topics including research and development, setting up of enabling common facilities and further discussions on skilling of adequate manpower to serve this emerging sector too place. Currently, India contributes around 15% in global production of lab-grown diamonds for which it is presently self-sufficient. However, keeping in mind the future potential, there is a need to maintain technological self-reliance in production of machinery and a leadership position in production lab grown diamonds. Given India's expertise in diamond polishing, it is imperative that India positions itself firmly in the lab-grown diamond sector too since the process of polishing are similar. The projected employment creation could be to the tune of 25 lakh by the year 2025. News courtesy:

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