Gems and jewellery


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Gems and jewellery

Phases Of ManufacturingGone through various phases of development. 1947 - Initial phase of building the industrial foundation .1950s and early 1960s -To the licensepermit Raj.19651980, to a phase of liberalization of 1990s.1990- emerging into the current phase of global competitiveness. 10/7/20111Source CII websiteFacts Of ManufacturingContributes about 15% of Indias GDP 50% to the countrys exports. Employed 58 million people (about 12% of the workforce) in 2008. By 2012, This sector will employ a further 1213 million out of nearly 89 million additional people who will enter the workforce. 10/7/20112Source CII websiteGems and JewelleryOne of the fastest growing segments in the Indian economy.Annual growth rate of approximately 16 %.Country is also the largest consumer of gold in the world.It consumes in excess of 800 tonnes of gold that accounts for 21 % of world gold consumption, of which nearly 620 tonnes go into making jewellery .10/7/20113Source CII websiteContinuedIndia is also emerging as the world's largest trading centre for gold targeting US$ 17 billion by 2011.Industry has the best skilled manpower for designing

Producing high volumes of exquisite jewellery at low labour costs.

Largest diamond cutting and polishing centre in the worldthe industry enjoys 60 per cent value share, 82 per cent carat share and 95 per cent share of the world market in terms of number of pieces.10/7/20114Source CII websiteContinuedThe Indian Gems and Jewellery market continues to be dominated by the unorganized sector.with the Indian consumer becoming more aware and quality conscious, branded jewellery is becoming very popular and the market for branded jewellery is likely to be worth US$ 2.2 billion by 2010, according to a McKinsey report.the government allows 51 per cent FDI in single brand retail outlets, attracting both global and domestic players to this sector. The World Gold Council recently estimated the size of India's gold coin market at about US$ 2.11 billion.10/7/20115Source CII websiteAuto componentsThe Indian auto component industry is one of India's sunrise industries with tremendous growth prospects.

India is now a supplier of a range of high-value and critical automobile components to global auto makers such as General Motors, Toyota, Ford and Volkswagen amongst others.10/7/20116Source CII websiteContinuedAs per an Automotive Component Manufacturers Association of India (ACMA) report, the turnover of the auto component industry was estimated at over US$ 18 billion in 2007-08, an increase of 27.2 per cent since 2002.It is likely to touch US$ 40 billion by 2015-16. In 2006-07, the auto component sector saw sales worth around US$ 15 billion, with US$ 2.8 billion as exports. Investments in the auto component industry were estimated at US$ 7.2 billion in 2007-08.10/7/20117Source CII website7Aerospace India is poised to become a large commercial and defence aircraft market. Boeing expects a demand of between 900 to 1,000 commercial aircraft worth USD100 billion approximately in the next 20 years. ted offsets. The defence offset policy has been under implementation and a formal civil offset policy is also expected to follow shortly. The total spending in the next 5 years is expected to be between USD25 billion (assuming uniform demand) for commercial aircrafts and USD100 billion as defence expenditure. Out of the defence expenditure, approximately 15-20 percent (USD15-20 billion) is expected to be spent on military aircrafts. Assuming an offset of 30 percent for the civil sector too, the total offset opportunity for the aerospace sector is valued to be at least USD10-15 billion. As Indian manufacturing capabilities mature over the years, it is expected to capture a large share of this opportunity.The Indian aerospace industry is one of the fastest-growing aerospace markets in the world with an expanding consumer base comprising airlines, businesses and High Net Worth Individuals. All segments in the aerospace industry, including civil and military aviation and space, are showing a significant level of growth..10/7/20118Source CII websiteAutomobiles The growth of the Indian middle class along with the growth of the economy over the past few years has attracted global auto majors to the Indian market. Moreover, India provides trained manpower at competitive costs making India a favoured global manufacturing hub. The attractiveness of the Indian markets on one hand and the stagnation of the auto sector in markets such as Europe, US and Japan on the other have resulted in shifting of new capacities and flow of capital to the Indian automobile industry. According to the International Yearbook of Industrial Statistics 2008 released by United Nations Industrial Development Organisation (UNIDO), India ranks 12th in the list of the worlds top 15 automakers. Indian original equipment manufacturers (OEMs) are making their mark today with Tata and Mahindra & Mahindra as leading Indian OEMs emerging on the global scene. With increasing competition from the global players, Indian OEMs have upgraded their technology .10/7/20119Source CII websiteCapital goodsCapital Goods refer to products that are used in the production of other products but are not incorporated into the new product. These include machine tools, industrial machinery, process plant equipment, construction & mining equipment, electrical equipment, textile machinery, printing & packaging machinery etc. The Capital Goods industry is the mother of all manufacturing industry and is of strategic importance to the National security and economic independence. It is in the interest of the User Sectors that the Capital Goods industry should be strengthened since it is a known fact that the presence of a strong domestic industry increases competition and helps in reducing the capital cost of the project and most important, the maintenance of plant and machinery can be done economically. The imported plants come at the lowest cost but the importers make up for that in their high priced maintenance contracts & spares. The Capital Goods Sector was on an upswing since March 2002, due to investments having taken place in the infrastructure, oil & gas sector, power sector, steel plants, automobile industries etc. The capital goods industry has evolved over these years in terms of competitiveness by consolidating. Hence the number of players are few. Due to its strategic importance for the country, it is essential to encourage manufacturing of capital goods rather than import and enhance the value addition and technology transfer. The annual sales of the capital goods industry was about Rs.110,000 crores during 2008-09 though the market is more than Rs 300,000 crores with between 60 to 70 % of equipment across all categories being imported, with the drastic fall in customs duty and the inherent dis-advantages faced by domestic manufacturers thereby making them cost un-competitive and reducing them to be traders and assemblers, instead of manufacturers. Its contribution to the exchequer has been in excess of Rs.20,000 crores in terms of customs, sales tax and excise collections and which will be higher if corporate taxes are added. The capital investments made in this sector has registered a healthy CAGR of close of 10% for a period from 1995 to 2005. The industry currently employs 6 million skilled and semi-skilled workers. It needs to be highlighted that this sector generates the much needed employment for less educated persons like fitters, welders, machine operators and ITI graduates and employs all collared people.Capital Goods Industry: Policy Intervention for Sustaining GrowthFew sectors of the capital goods sector, which have a lower gestation period & are off the shelf products has been witnessing a downturn since October 2008. The performance of the capital goods companies are expected to lower in 2009 - 2010 as compared to 2008 - 2009 as the order in flow had slowed down since the global recession. It is expected that the industry will foresee an upswing either in the last quarter of the current financial year or first quarter of next financial year as order inflows have picked up.10/7/201110Source CII websiteChemicals The chemical industry in India is poised for explosive growth in the coming years. Indias population has grown nearly as large as that ofChina , with its consuming middle class accounting for about a third of its population. Disposable income inIndia is rising, potentially driving growth of chemicals consumption at exponential rates.Indias GDP growth exceeded 9% for the last fiscal year, fueling double-digit growth of its chemicals industry. Indias government has set in place policies and special economic zones to promote investment in its petrochemical sector, and several key domestic companies have unveiled ambitious expansion plans for the next few years. The Indian Chemical Industry Outlook is the only chemical conference inIndia organized specifically to address a broad range of issues impacting the industry. The conference will take a look at different segments of the Indian chemical industry, and explore the growth opportunities and challenges in each segment.

10/7/201111Source CII websiteClimate changeClimate change is increasingly becoming a central topic of debate and strategic decision making by Governments and businesses all over the world. The warming of the climate system is unequivocal, as is now evident from observations of increases in global average air and ocean temperature, widespread melting of snow and ice, and rising global mean sea level. It impacts all countries, but is particularly severe for developing countries like India, given their vulnerabilities, inadequate means and limited capacities to adapt to its effects. The present plan of Government of India constitutes one of the strongest responses to global climate change by any developing c