Form cluster, CFC in Nagpur: MSME-DI to jewellers

In a attempt to encourage jewellers to form a cluster and set up common facility centre in Nagpur, the MSME Development Institute recently conducted a meeting with the stakeholders. On the occasion, P M Parlewar, Director, MSME-DI, Nagpur gave a power point presentation on the cluster development scheme of MSME Ministry, Government of India. During the presentation, he elaborated on the methodology of cluster scheme, process of applying, approval mechanism, funding pattern and formation of special purpose vehicle (SPV) within a group of entrepreneurs for setting up of Common Facility Centre (CFC) for gold jewelry cluster in Nagpur. Parlewar suggested the jewellery manufacturers to form a cluster and set up the common facility centre for the benefit of small gold manufactures and help them to expand their business activities with the help of cluster development scheme.

There is a huge potential of jewellery industry in Nagpur and in Vidarbha region. Around 3,000 jewellery manufacturing units are located in the region. They are working in unorganised way in this sector. Mainly they are into the manufacturing of gold and silver ornaments, decorative articles, diamond studded jewelry, diamond cutting and finishing, gold castings and deals with highly precious metals. They are also involved in gold and silver ornaments trading activities. The CFC will involve high end machinery and sophisticated equipment and advanced facilities, which will be created with the grand in aid of Govt. of India. These facilities will include gold and precious metal and alloys melting and casting, gold and silver ornaments manufacturing machines, rolling machine, testing facilities, hallmarking facilities, chain making machines, skill training facilities, raw material bank etc.

The formation of CFC will help them in getting adequate infrastructure for implementation of the Hallmarking scheme. There is requirement of more nos. of hallmarking centers in Nagpur to cope up with the demand. Due to creation of these common facility centre, maximum number of jewellery manufacturing entrepreneurs will be benefitted and the quality of their product will get enhanced. Parlewar also resolved all the queries raised by the entrepreneurs with regard to setting up of CFC in gold cluster, Nagpur. Rajesh Rokde, Secretary of Nagpur Sarafa Association and Director of All India Gem and Jewelry Domestic Council (GJC) along with a large number of gold and gem jewellers from Nagpur, Julesh Shah, Chartered Accountant and Consultant along with other officers of MSME-DI, Nagpur were present during the meeting.