Gems & jewellery sector seems to have a sparkling budget as Abhishek Jain, President, Aum Jewellery, while giving his post-budget comments to Fibre2fashion, sounds positive.
When asked about his perception of the budget, he said that overall budget is good leading to further growth.
About the duties that have been reduced on cut and polished diamonds, he replied that Honorable Finance Minister P Chidambaram has taken a step in the right direction looking to the exponential growth in the diamond jewellery line.
Jewellery manufactured in India has tremendous potential in the overseas market. Exports will positively reflect on the Indian economy.
However, he still wants all SOPS be afforded to the gems & jewellery industry to make it globally cost competitive.
Fibre2fashion News Desk - India
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