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PM Modi calls upon gems, jewellery traders to look beyond domestic market

By FnF Correspondent | PUBLISHED: 23, Jul 2016, 20:13 pm IST | UPDATED: 24, Jul 2016, 20:46 pm IST

PM Modi calls upon gems, jewellery traders to look beyond domestic market New Delhi: Addressing a programme of All India Gems and Jewellery Trade Federation, Prime Minister Narendra Modi on Saturday called upon them to look beyond the domestic market.

“Look beyond the domestic market. Yes, it is (domestic market) big and lucrative, but look at the global market too,” he asked them.

“We wanted to win you over and we have won over each other. Things like bending happens during battles, but we are not battling each other,” he added.

“What did happen due to the events in the last few months is that we got talking. We formed a committee, where your representatives were there and all issues were discussed,” said the Prime Minister apparently in context of their 42-day strike, demanding rollback of proposed excise duty on non-silver jewellery.

He told them that this government was theirs and the government’s doors would always remain opened for them.

“For initiatives like ‘Make in India’ to succeed, innovation is very important and this happens when we give importance to skill development. When it comes to technology upgradation, there is no way out but to embrace it, Prime Minister Modi told them.

Recalling recent issues related to excise duty, the Prime Minister said these issues gave an opportunity for the Gems and Jewellery industry to better understand the working of the Government, and it also gave the Government an opportunity to better understand the intricacies of the sector. He said both have won over each other.

The Prime Minister called upon all those with undisclosed income, to declare it before the September 30th deadline.
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