Acceding to the fact that restricting gold imports has impacted the jewellery trade, India's Finance Minister termed the under-utilisation of gold jewellery capacity an intended consequence.
Author: Shivom Seth
Posted: Tuesday , 26 Nov 2013
MUMBAI (MINEWEB) -
India's Finance Minister P Chidambaram is excited that the country is ‘on a good wicket’ with regards to exports. In what could be construed to be an open support to the gold industry, he agreed that limiting imports too much would be detrimental, since imports “are the lifeline of several industries in India”, without which they would not flourish.
At the Federation of Indian Export Organisations interactive session in Chennai on November 26, Bhaskar Bhat, managing director of jewellery retailer Titan ...