13 Apr 2021
DiamondWorld Directory
Home |
Tamil Nadu Chief attentive to changes for Chennai
Will approach authorities for consent
By: Diamond World News Service
Sep 22 2008 12:09PM
Reference: 3073  


A request by Gem and Jewellery Export Promotion Council chairman Sanjay A. Kothari, favouring growth for Chennai’s gem and jewellery industry, has attracted response from Chief Minister of Tamil Nadu, M. Karunanidhi. Mr. Kothari had requested the state to provide one to two acres at not cost, on the outskirts of Chennai, to develop a training institute for the sector. During the Council’s award presentation in Chennai, Mr Karunanidhi said “If the Central government also gives consent, I will definitely examine the request and take appropriate steps”. Mr. Kothari noted that cities of New Delhi, Mumbai, Jaipur and Surat had training institutes, whereas Tamil Nadu which employs over 3 million artisans in the gem and jewellery industry, had none.

The GJEPC Chiarman had also requested for a waiver of purchase tax on gold supplied to exporters. Mr. Karunanidhi said he would discuss the matter with the Finance Secretary, and, if possible, implement it. The government had to implement various welfare measures, and had to resort to taxation, which does not imply that the government would go in for new taxes to overcome the present economic hardship.

Indian has been witnessing a consistent growth of 15 to 20 percent in exports of diamonds. During financial year 2007-2008, the rate of growth was 22.27 per cent, while in 2006-07 the exports were worth $17.1 billion, while last year it was $20.8 billion. Of exports made by southern States, the region recorded a decline in the last six months. Compared to around $777 million in the corresponding period last year, the region’s exports were valued at this year.

Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet
Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
*  Company:
*  Name:
*  Mobile:
*  Email:
Subscribe for DiamondWorld weekly Newsletter
Search News by City
Kosher 23460
Kosher 23460
Recent Issue
Kosher 23460
News in Pictures
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 28955
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 4721
GJEPC Chairman Interview
Views: 25356
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 34051
Promo for IJ Awards 2012 at NDTV Profit
Views: 47734
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 60607
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 19701
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 46561
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 45434
Kosher 250300
Member of:
Supporter of: