India : Gold jewelry exports to surpass Rs479bn
India : Gold jewelry exports to surpass Rs479bn
September 2, 2006/Fibre2fashion.com, India
India’s gold jewellery exports are poised to rise to Rs315 billions by 2010 which would further accelerate to Rs479 billions by 2015 against its current export size of Rs175 billion, according to a Paper brought out The Associated Chambers of Commerce and Industry of India (ASSOCHAM) on `Structure of Gold Industry.
The Paper to be released here on Saturday by Mr. P C Gupta, Minister for Company Affairs during 2nd Gold Summit under aegis of ASSOCHAM also states that domestic gold demand is expected to rise to 980.83 tons by 2010
the projections for which are estimated to be 1152.64 tonnes for 2015 against its current demand of 800 tons.
Commenting on the findings of the Paper, ASSOCHAM Chief, Anil K Agarwal that India’s exports of gold jewellery have already increased in recent years because of healthy growth in demand in key markets, and intensive efforts by exporters towards improved quality and new designs.
The same trend will continue for future as the appetite for gold in India will increase with yearning for its value addition for export gains.
Click to view further news
Add comment September 4th, 2006
