The document discusses India's diamond industry and foreign direct investment. It notes that India is one of the largest exporters of gems and jewelry, with the industry contributing around 7% to India's GDP and employing over 4.5 million workers. Foreign direct investment in the diamond industry has fluctuated over the years, peaking in 2015 and 2018. The government has increased the FDI cap to 100% and liberalized norms to attract more investment and modernize mining technologies to save on labor costs and time. However, the COVID-19 pandemic severely impacted exports in 2020 due to factory closures.
Abstract: The prime objective of the study is to shed light on various issues and scope of gems and jewellery export in India. Indian gems and jewellery industry has attained a remarkable position worldwide. Artifacts of India’s export of gem and jewellery are acknowledged all over the world for their exquisite craftsmanship. However in the present scenario industry is confronting various hindrances which obstruct the path to realize its true potential. It has become statutory to deal with the problems and constraints which are being faced taking in the account of the fact that during FY 2013-14 the sector has contributed $34746.90 million to Indian exchange earnings, which states the decline in export by 10.58 percent. Due to the dependence on imports, the complexities involved in obtaining import license by the government should be simplified and also the lengthy procedures and intricacy involved in trading need to be rationalized. In order to sustain its position in international market there is an immediate requirement to modernize the product designs and procedures involved. In addition to this the working condition of the workforce should refined to a great extent and their ill-wage structure must be revived. Some of the other major concerns being faced are lack of training facilities, existence of Casteism, lack of permanent work, financial issues, procedural hardship and financial issues. In the view of the declining growth rate the government has instigated various measures and also a significant amount of investment in gems and jewellery sector is accounted, as a result of which the gems and jewellery industry has recovered to a certain extent. There was an increment of 12.65% percent in export of cut and polished diamonds in FY 2014. As per an industry study the sector is anticipated to draw Rs 15,000 crore (US $ 2.42 billion) by the end of 2015 which would be a striking increase by December 2012 with Rs 8000 crore (US $ 1.29 billion).
India’s gems and jewellery sector contributes about 7 per cent to India’s Gross Domestic Product (GDP) and 16
per cent to India’s total merchandise exports. The sector employs over 4.64 million employees and is expected
to employ 8.23 million by 2022.
This presentation details the overall scenario for the Gems & Jewellery Sector in India as well as Gujarat. It highlights the business & investment opportunities present in the sector and also the government initiatives and interventions.
Abstract: The prime objective of the study is to shed light on various issues and scope of gems and jewellery export in India. Indian gems and jewellery industry has attained a remarkable position worldwide. Artifacts of India’s export of gem and jewellery are acknowledged all over the world for their exquisite craftsmanship. However in the present scenario industry is confronting various hindrances which obstruct the path to realize its true potential. It has become statutory to deal with the problems and constraints which are being faced taking in the account of the fact that during FY 2013-14 the sector has contributed $34746.90 million to Indian exchange earnings, which states the decline in export by 10.58 percent. Due to the dependence on imports, the complexities involved in obtaining import license by the government should be simplified and also the lengthy procedures and intricacy involved in trading need to be rationalized. In order to sustain its position in international market there is an immediate requirement to modernize the product designs and procedures involved. In addition to this the working condition of the workforce should refined to a great extent and their ill-wage structure must be revived. Some of the other major concerns being faced are lack of training facilities, existence of Casteism, lack of permanent work, financial issues, procedural hardship and financial issues. In the view of the declining growth rate the government has instigated various measures and also a significant amount of investment in gems and jewellery sector is accounted, as a result of which the gems and jewellery industry has recovered to a certain extent. There was an increment of 12.65% percent in export of cut and polished diamonds in FY 2014. As per an industry study the sector is anticipated to draw Rs 15,000 crore (US $ 2.42 billion) by the end of 2015 which would be a striking increase by December 2012 with Rs 8000 crore (US $ 1.29 billion).
India’s gems and jewellery sector contributes about 7 per cent to India’s Gross Domestic Product (GDP) and 16
per cent to India’s total merchandise exports. The sector employs over 4.64 million employees and is expected
to employ 8.23 million by 2022.
This presentation details the overall scenario for the Gems & Jewellery Sector in India as well as Gujarat. It highlights the business & investment opportunities present in the sector and also the government initiatives and interventions.
it is ppt specially for class 10th. on "indian gem and jwellery sector of india" .
-no need to give credit, just change the name in presentation and use it for ur H.W .
“Indians have always been connoisseurs of precious stones and ornaments. Trade secrets of the jewellery business have been handed down over generations, ensuring continuity of traditional craft. Thus, India is today the world’s largest diamond cutting and polishing centre.India has been adding modern techniques to its traditional know how that are more in tune with global market trends. Several well-organised polishing units have been established to improve productivity and meet growing international demand. The presentation takes a journey into the sector keenly analyzing the sector while doing its SWOT analysis.
it is ppt specially for class 10th. on "indian gem and jwellery sector of india" .
-no need to give credit, just change the name in presentation and use it for ur H.W .
“Indians have always been connoisseurs of precious stones and ornaments. Trade secrets of the jewellery business have been handed down over generations, ensuring continuity of traditional craft. Thus, India is today the world’s largest diamond cutting and polishing centre.India has been adding modern techniques to its traditional know how that are more in tune with global market trends. Several well-organised polishing units have been established to improve productivity and meet growing international demand. The presentation takes a journey into the sector keenly analyzing the sector while doing its SWOT analysis.
Data Centers - Striving Within A Narrow Range - Research Report - MCG - May 2...pchutichetpong
M Capital Group (“MCG”) expects to see demand and the changing evolution of supply, facilitated through institutional investment rotation out of offices and into work from home (“WFH”), while the ever-expanding need for data storage as global internet usage expands, with experts predicting 5.3 billion users by 2023. These market factors will be underpinned by technological changes, such as progressing cloud services and edge sites, allowing the industry to see strong expected annual growth of 13% over the next 4 years.
Whilst competitive headwinds remain, represented through the recent second bankruptcy filing of Sungard, which blames “COVID-19 and other macroeconomic trends including delayed customer spending decisions, insourcing and reductions in IT spending, energy inflation and reduction in demand for certain services”, the industry has seen key adjustments, where MCG believes that engineering cost management and technological innovation will be paramount to success.
MCG reports that the more favorable market conditions expected over the next few years, helped by the winding down of pandemic restrictions and a hybrid working environment will be driving market momentum forward. The continuous injection of capital by alternative investment firms, as well as the growing infrastructural investment from cloud service providers and social media companies, whose revenues are expected to grow over 3.6x larger by value in 2026, will likely help propel center provision and innovation. These factors paint a promising picture for the industry players that offset rising input costs and adapt to new technologies.
According to M Capital Group: “Specifically, the long-term cost-saving opportunities available from the rise of remote managing will likely aid value growth for the industry. Through margin optimization and further availability of capital for reinvestment, strong players will maintain their competitive foothold, while weaker players exit the market to balance supply and demand.”
Opendatabay - Open Data Marketplace.pptxOpendatabay
Opendatabay.com unlocks the power of data for everyone. Open Data Marketplace fosters a collaborative hub for data enthusiasts to explore, share, and contribute to a vast collection of datasets.
First ever open hub for data enthusiasts to collaborate and innovate. A platform to explore, share, and contribute to a vast collection of datasets. Through robust quality control and innovative technologies like blockchain verification, opendatabay ensures the authenticity and reliability of datasets, empowering users to make data-driven decisions with confidence. Leverage cutting-edge AI technologies to enhance the data exploration, analysis, and discovery experience.
From intelligent search and recommendations to automated data productisation and quotation, Opendatabay AI-driven features streamline the data workflow. Finding the data you need shouldn't be a complex. Opendatabay simplifies the data acquisition process with an intuitive interface and robust search tools. Effortlessly explore, discover, and access the data you need, allowing you to focus on extracting valuable insights. Opendatabay breaks new ground with a dedicated, AI-generated, synthetic datasets.
Leverage these privacy-preserving datasets for training and testing AI models without compromising sensitive information. Opendatabay prioritizes transparency by providing detailed metadata, provenance information, and usage guidelines for each dataset, ensuring users have a comprehensive understanding of the data they're working with. By leveraging a powerful combination of distributed ledger technology and rigorous third-party audits Opendatabay ensures the authenticity and reliability of every dataset. Security is at the core of Opendatabay. Marketplace implements stringent security measures, including encryption, access controls, and regular vulnerability assessments, to safeguard your data and protect your privacy.
Explore our comprehensive data analysis project presentation on predicting product ad campaign performance. Learn how data-driven insights can optimize your marketing strategies and enhance campaign effectiveness. Perfect for professionals and students looking to understand the power of data analysis in advertising. for more details visit: https://bostoninstituteofanalytics.org/data-science-and-artificial-intelligence/
Foreign Direct Investment in Diamond Industry.docx
1. Diamond Industry
and
Foreign Direct Investment in Diamond Industry
Prince Jain, Sahil Chordia, Vansh Lakdavala, Prasam Dagriya, JaykumarBhandari, Deep
Kakadiya
Abstract
“Diamond is a solid form of the element carbon with its atoms
arrange in a crystal structure called diamond cubic. India is
one of the largest exports of gems and jewellery and the
industry is considered to play a vital role in the Indian
Economy as it’s contributes a major chunk to the total foreign
reserve of the country.”
Introduction
It is one of the fastest growing sector, mostly export – oriented and labour
intensive, contributing around 7% to the country GDP and 15% to India’s total
merchandise export. It also employees over 4.5million workers and it’s expected to
employee 8.23 million by 2022. India’s gems and jewellery exports stood at US$
18.49 Billion, there by contributing about 73.42% of total gems and jewellery
exports in value terms.
Foreign Direct Investment is an investment in the form of a controlling ownership
in a business in one country by an entity based in another country. Foreign Direct
Investment is significant for developing economics and emerging markets where
companies need funding and expertise to expand their international sales. Today,
India has becomeone of the most attractive destinations for a direct investment due
2. to liberalize norms, easy policies, subsidy, low labour cost, market diversification,
subsidized rate and preferential tariffs. . India is one of the largest exports of gems
and jewellery and the industry is considered to play a vital role in the Indian
economy as it’s contributes a major chunk to the total foreign reserve of the
country.
India contributes 29% to the global jewellery consumption. This sector is home to
more than 300000 gems and jewellery player. Therefore, group of ministers,
headed by Sharad Pawar decided to allow 100% in FDI in mining and exploration
of Diamonds and precious stones. The Foreign Direct Investment (FDI) cap is 74%
only previously for this sector.
History
In the 4th Century BC, we find the First records of Diamonds being found in India
when they were transported via the Silk Road to China. The world love of
Diamond had its start in India where Diamonds where gather firm the country’s
rivers and streams. The Diamonds of Golkanda were the finest white diamond
known for his white colour, clarity and transparency. Some of the famous
diamonds are DARYA-E-NUR, NUR-AIN Diamond, and the Koh-i-noor. The
Double Diamond drill the technique was present in western in India prior to 600
BCE (7th Century BCE). Diamond mining as an industry appears to have originated
between 700 and 500 BCE in India. The story of the modern Diamond market
really begins on the African continent, with the 1866 Discovery of Diamonds in
Kimberley, South Africa. In 1870s annual production of rough diamonds was well
under a million carats. By the 1920s, the figure was around 3 million carats. 50
Years later, annual production approached 50 million carats, and in 1990s it
surpassed 100 million carats per year.
3. Objective
1. To study the total inflow of Foreign Direct Investment FDI in Indian
Diamond Industry.
2. To study the reason of suddenpeak and downfall in Diamond Industry.
3. To study the impact of Foreign Direct Investment FDI the improving the
quality and avaiblity of the goods.
DiamondIndustry
India is a labour-incentive country and in any labour incentive country it is
important to use their labour in full-fledge manner, but due to rapid changes in
technology, labour incentive is shifting to capital incentive, which is creating
unemployment. But in diamond industry, demand of hand-made diamonds (labour-
incentives) internationally is more than machine-made diamonds. It is contributing
7% to country’s GDP and 15% to India total merchandise export. Employing more
than 5 million people currently, it is expected to reach 8.23 million by 2022.
Role of FDI inDiamondIndustry
FDI in Diamond Industry since 1991.In the Financial year 2020, FDI inflow in
diamond and gold ornament across India was recorded at around 20 million US$.
The FDI inflow into this segment went up and down with its peaks in 2015 and
2018.
5. Opportunityof FDI inDiamondIndustry
1. The process ofmining, cutting and restructuring of diamond is doneby
labour incentive technique. The success ofdiamond industry in India
because of full-fledge labour, so labour costis very cheap. Diamond
Industry has already employed 8.3 million people in 2022.
2. In India there are many available resources for mining of diamond in Surat,
Jaipur, Calcutta and Coimbatore but they are not fully utilised due to law
investment. So, if FDI increase they will be utilised efficiently.
3. The FDI cap for this sector stood at 74% previously but now the group of
ministers has allowed 100% FDI in mining. This move is expected to
facilitate the induction of modern mining technologies, which will save the
time and labour cost.
4. The Indian Government has decided to allow FDI in retail outlets, meant
exclusively for the single brands. The move will encourage the multinational
companies to invest in Indian outlets which are famous for their premium
brands like channel, Louis Vuitton and Gucci.
Challenges
1. In diamond mining sector, there possibilities those investors can be
negatively of country’s natural resources.
2. In manufacturing sector, domestic company will suffer if they are less
competitive and other side of it is, if they invest and buy, huge stake in
Domerticated Company, whole controlof the company’s in investors hand.
3. Employment wages rise by FDI, then domestic company have to suffer.
6. CovidScenario
COVID-19 was a double whammy. The Indian industry already going through a
slow phase with multiple issues affecting the diamond business and the spread of
coronavirus globally only added to the existing problem. Due to pandemic many
mining companies an operations in Canada and Africa stores consuming countries
gradually opening for business. Besides closer home, with Special Export Zone
(SEZ) in Jaipur | Surat; and Surat hira boursestarting operations it was no looking
back for Indian industry.
The India’s diamond export fall to $389.04 men compared to $1864.56 men during
may 2019, decline of 79.13%, due to the total closer of all manufacturing units for
virtually the whole of April and the partial reopening of only a few units in May,
there were almost no export / import during April.
Month 2019 2020 Percent (%)
May $1864.56 $389.04 79.13%
June $1692.18 $898.32 46.91%
July $1501.97 $918.44 38.85%
Conclusion
Diamond is a solid form of the element of carbon with its atom arranged in a
crystal structure called diamond cubic. The diamond industry plays a significant
role in Indian Economy. It is the one of the fastest-growing sector, mostly export
oriented and capital intensive, contributing 7% to Country GDP and 15% to India’s
total merchandise export. India is also one of the world’s largest culling and
polishing industry. Surat, Jaipur, Mumbai, Coimbatore are the main hub of the
diamond cutting and mining sector. Foreign direct investment also plays a crucial
role becauseof liberalized norms, easy policies and law labour costs. In Financial
Year 2020, FDI inflow in this industry across India was recorded at around 20
million US$. The India Government has permitted 100% Foreign Direct
Investment in the sector under automatic route.
7. References
FDI in India | FDI Consultant | FDI Companies| FDI opportunities 2022.
www.fdifinance.com
100% FDI in Indian Diamond Industry Single Brand Outlets allowed 51% FDI
By: - Diamond World News Service | Jan 27, 2006 12:00AM | Reference: 140
Listing details of major FDI equity inflow
m.economictimes.com
FDI inflow in Diamond and gold ornament India FY 2012-2020
Published by Tanushree Barury March 8, 2022 statista
India diamond industry: From a rough patch to a glittering performance Nidhi |
October13, 2021 TP-TradePromotion Council of India
