BusinessIndia

Prabhu dedicates 1000 crore worth Commerce & Industry projects to nation

New Delhi, Feb 22 (IEBusiness) Union Commerce and Industry Minister Suresh Prabhu dedicated to the Nation Rs 1000 crore worth of projects through video conference here on Friday.
The projects were inaugurated in seven states and two Union Territories across the country.
Mr Prabhu inaugurated skilling Common Facility Centre (CFC) in Udupi, Karnataka and laid the foundation stone on CFC in Coimbatore, Tamil Nadu.
He inaugurated two spices parks in Kota, Rajasthan and Raebareli in Uttar Pradesh.
The minister also inaugurated National Institute of Design (NID) campus in Jorhat, Assam and Bhopal in Madhya Pradesh.
IIFT campus was inaugurated at Kolkata, West Bengal and Maidangarhi near Delhi and Footwear Design and Development Institute (FDDI) in Banur, Chandigarh.
Mr Prabhu said that the CFC in Udupi for traditional jewellery manufacture in South India will be able to produce world class talent in gem and jewellery business for around 1,200 jewellery units in and around Udupi.
The CFC in Udupi has been established by the Gem and Jewellery Export Promotion Council of India (GJEPC).
The Coimbatore CFC has the capacity to train 50,000 people in the unique jewellery manufacture like Kundan, Meenakari, Bidri, temple jewellery, filigree and Jadau jewellery.
The gem and jewellery business in India is a USD 42 billion industry employing over 5 million people and it contributes 7 per cent of India’s total GDP.
India is the largest diamond cutting and polishing centre in the world and 14 out of 15 diamonds set in jewellery worldwide are processed in India. India is the 5th largest jewellery exporter in the world.
The Minister said establishment of spices parks is a major initiative of the Ministry to help farmers to get better returns for their produce and to ensure the quality of spices for exports.
The elimination of intermediaries in the supply chain due to direct linkages facilitated by the parks will ensure better prices for the farmers, informed the Minister, according to an official statement here.
India is the largest producer and exporter of spices in the world. India produces more than 65 spices out of the 109 spices listed by ISO. Currently, India is holding significant share of 48 per cent in quantity and 43 per cent in value of the global spice trade.

Source
Via UNI-India
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