Jewellery Sector

The gems and jewellery sector, which recorded a five per cent downturn in exports in the last fiscal, is expected to improve its performance in 1997-98 with the cut in bank interest rates and charges and direct routing of import documents. The Gems and Jewellery Export Promotion Council (GJEPC) expects a 10 per cent growth in exports in 1997-98 and has set a target of $5.78 billion For the year.