Vibrant Gujarat 2013 / Summit 2011 / Focus Sectors / Gems and Jewellery

Gems and Jewellery

Highly skilled workforce Gujarat’s comparatively cheaper and skilled workforce can be effectively utilized to setup large low cost production bases for domestic and export markets
Surat is referred to as the “Silky City Sparkling with Diamonds”
Over 70% of total Gems and Jewellery exports of India
Almost 80% of cutting & polishing of diamonds (processing) is done in Gujarat
90% of total diamonds in Gujarat are processed by about 10,000 diamond units located in and around Surat
Diamond processing and trading units are spread across the state in cities such as Surat, Ahmedabad, Palanpur, Bhavnagar, Valsad and Navsari
Gujarat’s Gems & Jewellery sector is expected to grow at a rate of 15%
85% of unique handmade silver jewellery production of India

Ahmedabad competing for world heritage city status
Awarded best state in e-governance initiatives and employment category in 2008
Stable political climate
Urban development initiatives for high quality living
Simplification of processes and single window approach for investors
Wide array of choices for tourists right from heritage monuments, archeological sites , wild life and beaches
Favorable policy and regulatory environment
Industrial Policy 2009– for high quality socio economic development
Sectoral policies for promotion of investment and growth
Incentives under SEZ and Industrial Area Development
Subsidies for environment protection
International campaigns for investment promotion across sectors