India is poised to solidify its position as a global leader in jewellery manufacturing. This was the central theme of the latest Almus Monthly Market Webisode, moderated by Maulik Shah, Co-Founder & CEO of Almus, where industry experts delved into the factors driving India’s ascent in the global jewellery market.<\/p>\n
Mr. Sabyasachi Ray, Executive Director, GJEPC, and Mr. Bobby Kothari, Director, Jewelex Group India Pvt. Ltd., highlighted several key factors contributing to India’s growth trajectory. The country’s substantial population and burgeoning middle class make it one of the world’s largest gold consumers, providing a solid foundation for the domestic market. While the Indian jewellery market currently operates primarily in the middle segment, there is significant untapped potential in both the high-value and low-price segments, they revealed.<\/p>\n
To sustain long-term growth, investing in cutting-edge technology is imperative. Larger companies can leverage strategic partnerships and talent acquisition from foreign firms, while smaller and mid-sized companies can thrive by focusing on their unique strengths and niche markets.<\/p>\n
Furthermore, India’s shift towards comprehensive Free Trade Agreements (FTAs) will facilitate seamless movement of manpower, services, and investments, further bolstering the industry’s growth prospects. The speakers explained that as India continues to embrace innovation and strategic partnerships, the country is well-positioned to captivate the world with its timeless designs and superior craftsmanship, solidifying its status as a global jewellery manufacturing powerhouse.<\/p>\n","protected":false},"excerpt":{"rendered":"
India is poised to solidify its position as a global leader in jewellery manufacturing. This was the central theme of the latest Almus Monthly Market Webisode, moderated by Maulik Shah, Co-Founder & CEO of Almus, where industry experts delved into the factors driving India’s ascent in the global jewellery market. Mr. Sabyasachi Ray, Executive Director,…<\/p>\n","protected":false},"author":1,"featured_media":28815,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-28814","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"\n