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Karnataka to Expand Gem and Jewellery Industry

Karnataka aims to increase its presence in the gem and jewellery sector, said Murugesh R. Nirani, Minister for Large and Medium Industries. The state plans to establish a jewellery park that is expected to generate more than 100,000 jobs and become a hub for South India. The minister spoke at the India International Jewellery Show, IIJS Tritiya, organised by the Gem & Jewellery Export Promotion Council in Bangalore. From April 2022 to February 2023, the state's gem and jewellery exports grew 169% to reach $150.33m, as compared to the previous year. The event is expected to attract over 15,000 trade visitors from 600 cities and generate over INR1tn ($13.2bn) in business in 2023.

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