https://www.taxtmi.com/news?id=24975 Exports of gems and jewellery rose sharply in April-December 2021, achieving USD 28.9 billion and exceeding the prior fiscal year's total; the sector accounted for a significant share of national exports and key destinations included the United States, Hong Kong, UAE, Belgium and Israel. The industry contributes about seven percent to national output and employs over five million workers, with manufacturing concentrated in centres such as Surat. Government measures cited to promote exports include revisions to gold monetisation, duty adjustments, mandatory hallmarking, subsidies for processing, design and testing facilities, and support for marketing hubs, together with a four point strategy emphasising design, product diversification, international collaboration and promotion of lab grown diamonds. en-us Tue, 25 Jan 2022 18:35:11 +0530 Tue, 25 Jan 2022 18:35:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=24975 Exports of gems and jewellery rose sharply in April-December 2021, achieving USD 28.9 billion and exceeding the prior fiscal year's total; the sector accounted for a significant share of national exports and key destinations included the United States, Hong Kong, UAE, Belgium and Israel. The industry contributes about seven percent to national output and employs over five million workers, with manufacturing concentrated in centres such as Surat. Government measures cited to promote exports include revisions to gold monetisation, duty adjustments, mandatory hallmarking, subsidies for processing, design and testing facilities, and support for marketing hubs, together with a four point strategy emphasising design, product diversification, international collaboration and promotion of lab grown diamonds. News - Tue, 25 Jan 2022 18:35:11 +0530 https://www.taxtmi.com/news?id=24975