There is a need to establish brand image of India as the Jeweller of the world, Minister of State, Ministry of Finance, Anurag Singh Thakur said at an Assocham event held in New Delhi recently.
"I appreciate that the Gold industry realizes what they need to do and their expectations from the government. Before you "ask" government, you have set yourselves a "task" of defining and identifying your issues towards contributing to the target of a US$5 Trillion economy," said Thakur while inaugurating Assocham's 12th International Gold Economic Forum.
He also said that banks can engage with state endowment departments to encourage greater participation of religious institutions in Gold Monetization Scheme (GMS).
Noting that the announcement made in the Budget formally recognizes that gold is bought not just for jewellery but as an "asset" too, Thakur said, "Banks must take forward the message of GMS as an effective instrument of recycling gold stocks held within the country with a view to reducing the import of gold."
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Esta historia es de la edición October 2019 de The Art of Jewellery.
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