Priyanka Chopra inaugurates Gitanjali Group's first Multi-Brandflagship showroom

The former Miss World also unveiled the new line of jewellery by Asmi

Post By : IJ News Service On 12 July 2012 4:25 PM
The Federation of Indian Chambers of Commerce & Industry (FICCI), an association of business organizations in India recently signed a Memorandum of Understanding with World Gold Council for promoting the gold jewellery sector in India.%% The gems and jewellery Industry is one of the fastest growing industries in the country. India consumes nearly 800 tonnes of gold accounting for about 20 per cent of the world gold consumption, of which nearly 600 tonnes goes into making jewellery. The Indian jewellery market, estimated to be US$ 18 billion in fiscal 2007-08, accounts for 8.5 per cent of world jewellery sales. %%{{Aims & Objects}} :%%Under this MoU FICCI and World Gold Council will:%%Take up issues and policy matters that hamper the growth of gold and jewellery sector in India with the government. Track the industry on a regular basis to identify and share information on opportunities and challenges on a regular basis. Mount business mission to various countries to promote bilateral trade and technical collaboration for the sector. Conduct research and organize industry conferences. %%{{Delegation to Turkey }}:%%As its first initiative FICCI & World Gold Council, successfully organized a high powered business delegation to Turkey in March this year to coincide with the Istanbul Jewellery Show from March 26 to 31, 2008. This delegation consisted of 40 members that included prominent branded players, wholesalers, manufacturers and large retailers from gold and jewellery sector from all over India.%%{{Gold Conclave Planned}} :%%As its next initiative, FICCI & World Gold Council plan to undertake a pilot research study to understand gold consumption patterns in India. The findings of this research could be released in a Gold Conclave which will be jointly organized by FICCI and World Gold Council towards the end of 2008 or early 2009.

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