TS offering attractive incentives for gems, jewellery sector: Jayesh

Hyderabad Jayesh Ranjan, Principal Secretary, IT & Industries, Telangana, on Friday, said that gems & jewellery industry in Telangana is on a remarkable growth path.

Speaking at the inaugural ceremony of Hyderabad Jewellery, Pearl and Gem Fair (HJF) 2023, here, he said: “Along with 13 other sectors which have shown remarkable growth, the gems & jewellery industry has enhanced our government's reputation for ease of doing business. Our recent efforts to build the sector have successfully convinced new players to invest in the State and they have begun manufacturing in Hyderabad”.

We focused on the grassroots, providing attractive incentives and even took additional responsibility for training, to address the shortage of skilled workers. Additionally, we encouraged jewellery associations in Narayanpet and Karimnagar to equip themselves to provide job work for larger players and extend similar opportunities to them, he said.

We are also open to assisting overseas investors who are interested in setting up operations in India. An overall revival of this sector can be seen and is very promising, he added.

Informa Markets in India, an organiser of B2B exhibitions, unveiled 15th edition of HJF at HICC in Hyderabad. This year's edition brought together an impressive array of over 250 top exhibitors and is estimated to attract more than 8,000 serious trade buyers. With a showcase of over 600 exclusive brands, the expo is providing a platform for exploring the latest trends and experiencing over 1,000 cutting-edge and unique jewellery designs that redefine the industry. Venkata Sekhar, Industrial Promotion Officer & Director Gems and Jewellery, Government of Telangana, said: “The Telangana Government has prioritized the gems and jewellery sector among the 14 sectors. In Maheshwaram near Hyderabad, major jewellery manufacturers have invested over Rs 1,000 crore in refinery activities”.

Yogesh Mudras, Managing Director, Informa Markets in India, said, “The gems and jewellery industry in South India is one of the thriving hubs for exquisite craftsmanship and rich heritage. Known for its impeccable artistry and attention to detail, this region has established itself as a significant player in the global jewellery market”.

Benefitting from a combination of factors such as abundant natural resources including a rich variety of gemstones like diamonds, emeralds, rubies, and sapphires and a skilled workforce with artisans and craftsmen, South India is also home to numerous jewellery clusters and manufacturing units, he added.