EXPORTS OF GEM AND JEWELLERY FROM EPZs/SEZs

 

SEEPZ was initially established with a view to exploit the growing world trade in electronics. It came into being in September 1974 on about 100 acres of land taken on a 99 year lease from the state government of Maharashtra in the Marol Industrial Area, Mumbai.

 

SEEPZ has a vast commercial, industrial and social infrastructure. Various facilities such as factory space, power, water, in-zone customer clearance, warehousing, communication, canteen, etc. are provided within the Zone.

 

Although SEEPZ was initially set up for 100% export production of electronics, during 1986-87 the government decided to create a gems and jewellery complex in SEEPZ for the 100% export of gems and jewellery items. Various concessions and facilities have been granted to those who set up production in the zone.

 

At present 51 gems and jewellery units are in operation. A large number of applications for new units are pending since 1989-90 for want of space. A building is under construction through the self-financing scheme, which will accommodate 32 new projects in the gems and jewellery sector.

 

Gems and jewellery sector contributes to more than 50% of SEEPZ exports. Taking view of this fact, the government has simplified export procedures wherever possible and several other promotional measures have been implemented.

 

ZEEPZ jewellery units contributed Rs. 458 crore (54%) to the total gold jewellery exports of Rs. 846 crore from India during 1998-99.

 

 

Table - 19: Imports into S.E.E.P.Z. Mumbai and

 

 

 

 

 

Exports from S.E.E.P.Z. Mumbai

 

 

 

 

 

 

(US $ In Million)

 

 

 

 

 

 

Description

90 -91

95-96

98-99

99-00

00-01

01-02

IMPORTS:

 

 

 

 

 

 

Rough Diamonds

21.93

53.24

23.14

60.61

37.11

46.35

Gold Bars

17.12

64.1

64.52

35.68

25.31

89.46

Stones

1.23

1.01

0.48

1.22

0.73

1.87

Cut & Polished Diamonds

16.59

107.02

135.84

173.88

182.53

210.85

Silver Bars

0

0.7

0.11

0.19

0.46

0.05

Platinum

0

2.97

1.22

10.67

4.84

8.23

Total Imports into ZEEPZ

56.87

229.04

225.31

282.25

250.98

356.81

EXPORTS:

 

 

 

 

 

 

Cut & Polished Diamonds

27.76

52.04

78.52

29.15

56.79

41.66

Gold Jewellery

44.58

227.74

406.16

525.29

507.47

504.25

Silver Jewellery

0

0

7.12

0

0.51

0.51

Platinum

0

6.59

7.71

7.32

8.13

7.21

Total Exports from ZEEPZ

72.34

286.37

499.51

561.76

572.9

553.63

 

ACKNOWLEDGEMENTS:

FINANCEMAN ASSOCIATES acknowledges the use of various printed and electronic media for compiling the content, ideas and statistics on the gems and jewellery industry presented on this web page. We at FINANCEMAN ASSOCIATES are thankful to the industry leaders, their spokesmen, commentators in the media and experts in diamonds processing and jewellery manufacture and, specifically the Gem & Jewellery Export Promotion Council, Mumbai, for the use of published text and statistics that are in the public domain. The place of jurisdiction concerning all issues presented on this Web Page by FINANCEMAN ASSOCIATES shall be Mumbai, Maharashtra, India.

Copy Right 2007 FINANCEMAN ASSOCIATES

 

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