ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
-A A +A

Joint Ventures Abroad- Rolling Downhill

October 5, 1985 nings in comparing its performance with that of other sectors. According to its own figures, as against aggregate exports of Rs 1304.92 crore during 1984-85, foreign exchange earning net of imports was around Rs 344 crore only. This, however, need not detract from the very valuable contribution, exports of gems and jewellery is making to the country's foreign exchange pool and/or to the national economy. During the decade 1975-76 to 1984-85, the diamond export trade earned for the country net foreign exchange worth Rs 1,863 crore. This is not all. The export trade has never received any form of cash compensatory support. And what is more, gem and jewellery is a labour- intensive industry employing more than half a million people as artisans, brokers, traders and exporters. It is said to be the least capital-intensive industry in the country with negligible consumption of power and causing no pollution whatsoever.

Subscribers please login to access full text of the article.

New 3 Month Subscription
to Digital Archives at

826for India

$50for overseas users

Get instant access to the complete EPW archives

Subscribe now

Comments

(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top