Indian entrepreneurs encouraged for manufacturing
Few days back, during corona lock down, I got a phone call from a young jeweler who is in manufacturing of artificial Jewelry in Jaipur. He was worried about future of his business. Besides lack of demand, he was also worried about the Chinese components required for his manufacturing. He informed me that the China is the only source for artificial gemstones required for setting in the jewelry. India has a border issue with China and Indian citizens are in the mood of boycotting China and Chinese products. Hence, if he uses Chinese artificial gemstones, there is a fair chance of a boycott by Indians. I advised him to study if he can manufacture those artificial stones for domestic and international market. Also, I suggested him that this is a good time to explore because the whole world is thinking of an alternate of Chinese products. Moreover, the time clock for “Make in India” has also stuck.
Later on, he replied me with a positive response. He informed me that he has searched for the required machinery and chemicals needed to produce artificial stones. As it needs a bigger investment, he has also been negotiating with some fellow businessmen to come together. It is a well known fact that Jaipur is an international hub for colored gemstones. Plenty of skilled labor is available in the market. Hence, it is a suitable venue for producing artificial gemstones.