Minister emphasizes policy focus for gems & jewellery sector enhancement

April 25, 2024 (MLN): The government is closely monitoring key areas, devising policies and planning interventions to boost productivity and exports of the Gems & Jewellery sector by enhancing value addition, Minister for Industries Rana Tanveer Hussain stated while addressing a closing ceremony of a course on Value Addition of Gemstone Products for Compliance with International Standards.

The event was jointly organized by National Productivity Organization (NPO) and Asian Productivity Organization (APO) Tokyo, Japan.

The APO, established on May 11, 1961, is a union of 21 Asian countries with headquarter in Tokyo working for promotion of socio-economic development in the region and among member countries.

The delegates from APO members States who attended the training included Bangladesh, Cambodia, China, Fiji, Hong Kong, India, Indonesia, Iran, Japan, The Republic of Korea, Laos, Malaysia, Mongolia, Nepal, Pakistan,

The Philippines, Singapore, Sri Lanka, Thailand, Turkey and Vietnam.

The Federal Minister addressing the ceremony said that the government is committed to support the Gems & Jewellery and believed that initiatives and platforms that connect such international practices can drive further development of the sector.

He expressed that Gems & Jewellery is indispensable for the country’s economic growth.

He further added that the future potential collaborations among APO member countries to strengthen this sector particularly by establishing Gems testing, grading, certification and standardization facilities through international collaborations in our country, with the active support/partnership of Gems and Jewelry Institute of Technology, Bangkok (GIT) & APO and resultantly achieving our export target of $2 Billion.

The Minister also said that he looks forward to enhancing the productivity of the sector based on mutual learning and showing the rest of the world how APO member countries can work together for innovation and development of Gems & Jewellery sector.

He lauded the efforts of the organizers for hosting a successful event that got the attention of APO member countries. 

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