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Gems and Jewellery Park will be set up in Karnataka: Murugesh Nirani

Karnataka Industries Minister Murugesh Nirani announced that a gems and jewellery park, which will create one lakh jobs, will be set up in Karnataka.

Dr Murugesh R Nirani, Minister for Large and Medium Industries, Karnataka, said, “Karnataka is one state with multiple opportunities and possibilities and Bangalore is the epicenter of South India’s domestic and international trade. After establishing leadership position in technology, IT services, software, electronic manufacturing services, mobile phone handsets and semi-conductors, we are now aspiring to enhance our gem and jewellery business, as this industry contributes significantly to India’s exports. The upcoming gems and jewellery park in Karnataka will become a significant hub of South India and generate more than 1 lakh jobs.”

Murugesh Nirani inaugurated India International Jewellery Show Tritiya, an expo and B2B event in Bengaluru, organised by Gem and Jewellery Export Promotion Council. 

Mr. Vipul Shah, Chairman, GJEPC said, “IIJS Tritiya is poised to act as a catalyst for further advancement of the gem and jewellery industry in Karnataka, benefiting both manufacturers and retailers. We are already witnessing a surge in exports from this state. From April 2022 to February 2023, the gem and jewellery exports from Karnataka experienced a remarkable growth of 169%, reaching USD 150.33 million, as compared to last year. The show presents exporters from southern India the opportunity to take their business to the next level. Currently India’s overall gem & jewellery exports account for USD 40 billion and our goal is to reach USD 75 billion exports by 2030.”

Speaking on the collaboration with Jewellers Association Bengaluru, Mr. Vipul Shah said, “GJEPC is supporting the Jewellers Association Bengaluru, in setting up a Jewellery Park in Karnataka. Discussions are underway with the state Government regarding the allocation and finalisation of land for the project.  This initiative aims to offer efficient assistance to jewellery manufacturers and traders seeking to expand their operations in the state of Karnataka. The project is expected to generate 1 lakh additional jobs in the sector for the people of Karnataka.”

IIJS Tritiya, features more than 800 exhibitors and over 1,500 stalls. 

The event is expected to attract over 15,000 trade visitors from 600 cities and will showcase a wide range of products, including gold and gold CZ studded jewellery, diamond and others. 

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