Sri Lanka’s gem and jewellery industry is apparently eying India as it potential market, owing to the increasing purchase power of the Indian consumers. To promote this interest in India, the Minister of Enterprise Development and Investment Promotion, Dr Sarath Amunugama, has invited 10 leading Indian entities from its gem and jewellery industry, to visit Lanka and share knwoledge with the local professionals, through a training programme.

Dr. Amunugama has declared to extend support for the import of specialised machinery from India, which is to manufacture bangles, through National Enterprise Development Authority. He also highlighted setting up of joint ventures with Indian companies as being beneficial. He said "Why do we always talk about European countries like Germany, when India is doing a very good business today." "We can build ties with our northern neighbours. This was particularly relevant and impact favourably on a trade such as gems and jewellery where the demand for the products was quite elastic."