An expanding global economy, rapid technology innovation and
a focus on core competencies are all driving companies to seek the cost
savings, quality improvements and strategic advantage that come through
outsourcing of critical business processes. Many gems
manufacturers and exporters are outsourcing their business.
Outsourcing Gems and Jewels to India
outsourcing was taking place on a small
scale, but now it is improving. In addition to availability of skilled
labour and advanced technology in India, favourable Government policies,
too, have brightened the prospects for domestic manufacturers. The
Government has allowed duty free import of raw material and recently lifted
curbs on direct gold imports.