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"Jewellery Park Proposed in Bengaluru to Boost Industry Growth"

"State-of-the-art Facilities, Increased Exports and Job Opportunities in the Offing"

Jewellery manufacturers in Bengaluru are calling for the development of a jewellery park to increase the growth of the industry. The park is expected to offer state-of-the-art facilities, including a common assay centre, common design centres and a common hallmarking centre. It will also house training and exhibition centres, as well as facilities for jewellery retailers. Bengaluru's jewellery industry is estimated to be worth Rs 20,000 crore, with over 4,000 small and medium-sized enterprises. The proposed jewellery park will help modernise the industry and increase exports, which currently account for only 10% of total sales. The park is expected to attract investment worth Rs 500 crore and generate employment opportunities for over 10,000 people. The government is yet to respond to the proposal.

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