Commerce minister Prabhu to inaugurate summit on gold

Union minister Suresh Prabhu will open a jewellery summit later this week that will see stakeholders discuss formulation of the country's first-ever gold policy.

Also, up for discussions will be the challenges faced by the Indian bullion industry -- domestically and globally.

The two-day summit -- to be held on December 1-2 here -- will bring together policymakers and industry to discuss issues such as formulating a comprehensive gold policy with one authority, reduction of import duty on gold to 4 per cent to make the sector more organised, setting up of jewellery parks and common facility centres and a Gem and Jewellery university, the organiser Gems & Jewellery Export Promotion Council (GJEPC) said.
 

The Union commerce and industry minister will inaugurate the summit, GJEPC said in a statement.

The 'India Gold & Jewellery Summit' will cover topics such as value addition through jewellery manufacturing, merchandising and marketing and trends, among others.