Kathmandu, Nov 7,2014: A jewellery expo has begun here from today. The three-day expo is organised by the Nepal Gem and Jewellery Association.
A total of 30 stalls have been installed in the expo.Â The organizers estimate Rs 200 million transaction in the expo.
The country imports different materials related to gem and jewellery every year. Inaugurating the expo, Minister for Information and Communications, Dr Minendra Rijal, said the country has mines of different gems, stones and jewellery, and added that the country has now imposed a ban on excavation and export of raw materials in view of using it by the domestic entrepreneurs.
He also expressed the view that it would help the country to decrease the growing trade deficit if the country could export valuable gems and stones to the international market.
Similarly, different people including Chairman of Nepal Gem and Jewellery Association Manishlal Pradhan, Vice-President of Federation of Nepalese Chambers of Commerce and Industry (FNCCI) Dineshlal Shrestha, among others said collaboration between the government and private sector was necessary for the economic progress of the country.
They also pointed out the need of exempting tax on gemstones to promote the business.Meanwhile, an agreement has been signed between the Nepal Gem and Jewellery Association and Solitaire Gemological Laboratory of UAE. The Laboratory will provide technical assistance to the Association.