<p>Bengaluru: Large and Medium Industries Minister MB Patil on Friday proposed allocating land near Bengaluru’s international airport for a dedicated mega jewellery park, at business-to-business (B2B) jewellery show IIJS Tritiya 2025. This aims to grow Karnataka as a hub for jewellery manufacturing and exports.</p>.<p>This comes at a time when the sector is facing a decline in exports over months, and the threat of tariffs from the US.</p>.<p>“Despite global challenges like geopolitical uncertainties and tariff issues, India’s gem and jewellery sector has shown remarkable resilience. With expanding FTAs and proactive government support, we're confident of reaching our ambitious export target of $70 billion by 2030,” said Kirit Bhansali, Chairman, Gem and Jewellery Export Promotion Council (GJEPC).</p>.<p>GJEPC was set up by the central Ministry of Commerce, Government of India in 1966 to boost the country’s exports.</p>
<p>Bengaluru: Large and Medium Industries Minister MB Patil on Friday proposed allocating land near Bengaluru’s international airport for a dedicated mega jewellery park, at business-to-business (B2B) jewellery show IIJS Tritiya 2025. This aims to grow Karnataka as a hub for jewellery manufacturing and exports.</p>.<p>This comes at a time when the sector is facing a decline in exports over months, and the threat of tariffs from the US.</p>.<p>“Despite global challenges like geopolitical uncertainties and tariff issues, India’s gem and jewellery sector has shown remarkable resilience. With expanding FTAs and proactive government support, we're confident of reaching our ambitious export target of $70 billion by 2030,” said Kirit Bhansali, Chairman, Gem and Jewellery Export Promotion Council (GJEPC).</p>.<p>GJEPC was set up by the central Ministry of Commerce, Government of India in 1966 to boost the country’s exports.</p>
