SLGJA confident of achieving President’s US$ 2bn export target with right policies in place

Sri Lanka Gem and Jewellery Association (SLGJA), the apex body for the gem and jewellery industry said, with the right policies in place, the true potential of the gem and jewellery industry can be unleashed, towards achieving President’s ambitious target of achieving at least US$ 2 billion in export revenue. 

SLGJA in a statement commended President Ranil Wickremesinghe for his recent endorsement of the pivotal role played by the gem and jewellery sector in the national economy and expressed deep appreciation for President Wickremesinghe’s unwavering commitment to the enhancement of the industry and re-exports, a strategy that holds great potential to invigorate the economy.

“President Wickremesinghe’s emphasis on the significance of the gem and jewellery industry resonates strongly with the SLGJA, which views this recognition as an essential step towards a brighter future for the sector. The association warmly welcomes the government’s focus on fostering an environment conducive to growth and development within the industry,” a SLGJA statement said.

In response to President Wickremesinghe’s call for increased export revenue, the SLGJA expressed its eagerness to engage in productive discussions with the relevant authorities. 
“The association’s members are keenly interested in understanding and fulfilling the requirements set forth by the government to ensure the prosperity of the industry” SLGJA President Ajward Deen said.

“As the apex body for the industry, we look forward to actively collaborate with the government and relevant stakeholders to drive the growth, innovation, and global recognition of our industry. Together, we can create an environment that propels our nation to new heights of success,” he added.
Underpinning the vision of a thriving gem and jewellery sector is the industry’s strategic plan, designed to chart a course for growth over the next 10 to 15 years.

The SLGJA acknowledged the notable efforts being made by the industry to implement a hub strategy that will shape its trajectory for years to come. 
SLGJA said it is aware of the current trend of other trades relocating overseas due to existing regulations, and lauded President Wickremesinghe’s proactive approach to prevent the gem and jewellery sector from following suit.