The gem and jewellery industry must become a billion dollar export industry - Minister Amunugama | Sunday Observer

The gem and jewellery industry must become a billion dollar export industry - Minister Amunugama

Paying a tribute to those engaged in the Sri Lankan Gem and Jewellery industry for their long standing commitment and initiative, Minister Dr. Sarath Amunugama, who declared open the Facets of Lanka, Gem & Jewellery Exhibition on behalf of the President, said that every effort must be made to make Gem and Jewellery a one billion dollar export industry soon.

The Minister recalled with appreciation the initiative of the industry in ventures such as the exploiting of gem resources in Madagascar when the Sri Lankan industry was facing a crisis. He said that the Geological Survey Bureau of Sri Lanka has made valuable discoveries of mineral resources particularly along the East coast and in the North Central Province and that it was incumbent on the Government to initiate action for the exploitation of these resources.

The Minister said that increasing export revenue is the need of the hour in order to maintain the external value of the rupee and added that that the gem and jewellery industry has the potential to make a very significant contribution to that end.

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