Hotline: 1800 102 2007
X
Loading
Search Business Opportunities
2011-07-22

Gems and Jewellery trade to grow to 2.13 lakh

Gems and Jewellery trade to grow to 2.13 lakh

According to ASSOCHAM, the gems and jewellery industry in India is likely to reach Rs 2.13 lakh crore by 2015.

“Growing at a steady rate of 15 per cent annually, the size of the domestic gems and jewellery market currently stands at Rs 1.22 lakh crore”, the chamber also said.

"The demand is expected to rise further with onset of the annual festive season during August-October as Indian consumers see gems and jewellery as a safe investment and the number of shoppers going online is increasing too," it added further.

“The availability of skilled artisans with expertise in jewellery making, design and diamond cutting and processing at competitive wages is another reason for growth in the sector,” ASSOCHAM said in conclusion.

Exports of gems and jewellery are expected to cross USD 50 billion by the end of this fiscal.

The countries where demand is increasing for Indian jewellery include the UAE, US, Russia, Latin America and China.

Related opportunities
  • Pets – A Booming Industry for you to start a..
    Locations looking for expansion Gujarat
    Establishment year 2011
    Franchising Launch Date 2014
    Investment size Rs. 20lac - 30lac
    Space required 1000 - 1500 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Ahmedabad Gujarat
  • Bakery & Confectionary
    we have started our brand in 2016 with 2 shops..
    Locations looking for expansion maharastra
    Establishment year 2016
    Franchising Launch Date 2016
    Investment size Rs. 5lac - 10lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater pune maharastra
  • Multi Cuisine Restaurant
    About:CHEFZ STORY offer an engaging and elaborate dining experience and..
    Locations looking for expansion Maharashtra
    Establishment year 2012
    Franchising Launch Date 2017
    Investment size Rs. 1 Cr. - 2 Cr
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Pune Maharashtra
  • Electronics and Electrical Components
    Bajaj Smartapp LLP brings a dealer & distributor opportunity with..
    Locations looking for expansion West Bengal
    Establishment year 2015
    Franchising Launch Date 2015
    Investment size Rs. 50 K - 2lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Kolkata West Bengal
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities