Indian trade body seeks direct access to Pakistan Gold markets
As direct access with Pakistan is not allowed, the precious yellow metal is being routed through a third country including Sri Lanka, United Arab Emirates and other Asian countries.
An Indian export industry body requested the government to take steps to ensure a direct access to Pakistan’s gold jewellery markets to compensate for its export deficit to European countries.
Federation of Indian Exports Organizations (FIEO) in its recent report on “Export Competitiveness of Gujarat-Vision 2020” said direct access to Pakistan’s jewellery markets will partly compensate the export deficit to European countries which has declined significantly due to the ongoing economic crisis in the euro zone region.
As direct access with Pakistan is not allowed, the precious yellow metal is being routed through a third country including Sri Lanka, United Arab Emirates and other Asian countries.
FIEO made some recommendations to promote gems and jewellery sector in India's western state of Gujrat that includes setting up of special economic zones (SEZs) in Rajkot and Junagadh that are also identified as major hubs of jewellery manufacturing.
It has also been underlined that there is a need to develop housing or hostel facilities for diamond workers in Surat.
Sumber : Google
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