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Sri Lanka Gem and Jewellery Association unveils strategic hub proposal

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Summary

The Sri Lanka Gem and Jewellery Association recently presented its proposal for the ‘Sri Lanka Gemstone Hub Strategy Sapphire Capital of the World’ to the state. The proposal aims to alleviate the gem and jewellery industry in Sri Lanka by establishing a free trade period for the sale of gems and jewellery, similar to those in Dubai, Thailand, and Singapore. At the event to present the proposal, Sri Lanka Gem and Jewellery Association President Ajward Deen and Past President Chanaka Ellawala explained the concept to various dignitaries, ministers, and members of parliament in attendance. The proposal was met with enthusiasm and support from all present, including Industries Minister Dr. Ramesh Pathirana and Investment and Promotion State Minister Dilum Amunugama.

Q&As

What is the Sri Lanka Gem and Jewellery Association's strategic hub proposal?
The Sri Lanka Gem and Jewellery Association's strategic hub proposal is to establish a free trade period for the sale of gems and jewellery, similar to that of Dubai, Thailand and Singapore.

What are the objectives of the proposal?
The objectives of the proposal are to alleviate the gem and jewellery industry in Sri Lanka and to generate foreign income into the country.

What support is the government providing to the gem and jewellery industry?
The government is providing guidance and maximum support to advance the gem and jewellery industry by utilising the resources and capabilities in Sri Lanka.

What was discussed at the presentation ceremony?
At the presentation ceremony, Sri Lanka Gem and Jewellery Association President Ajward Deen and Past President Chanaka Ellawala discussed the concept of the proposal to various dignitaries and ministers that were present.

Who attended the event to discuss the proposal?
The event was attended by Industries Minister Dr. Ramesh Pathirana, Primary Industries State Minster Chamara Sampath Dassanayake, Investment and Promotion State Minister Dilum Amunugama, Member of Parliament Ajith Mannapperuma, Member of Parliament Akila Ellawala, National Gem and Jewellery Authority Chairman Viraj De Silva and Export Development Board Chairman Dr. Kingsley Bernard.

AI Comments

👍 The Sri Lanka Gem and Jewellery Association recently presented their innovative and strategic proposal to the state, which will help to boost the gem and jewellery industry in the country and generate much needed foreign income.

👎 The proposal of the Sri Lanka Gem and Jewellery Association has been met with little enthusiasm and support from government and other dignitaries, which could potentially hinder its success and implementation.

AI Discussion

Me: It's about the Sri Lanka Gem and Jewellery Association unveiling a strategic hub proposal. The proposal aims to alleviate the gem and jewellery industry in Sri Lanka by setting up a free trade period for the sale of gems and jewellery, similar to that of Dubai, Thailand, and Singapore.

Friend: Wow, that's really interesting. What are the implications of this proposal?

Me: The implications are quite far-reaching. It could potentially boost Sri Lanka's economy by providing a larger market for local gem and jewellery producers and creating more jobs. It could also provide more access to international markets, making it easier for Sri Lankan jewellers to export their products. Additionally, it could attract more tourists to the country, as it would establish Sri Lanka as a popular destination for gem and jewellery shopping.

Action items

Research the current state of the gem and jewellery industry in Sri Lanka and the potential impact of the proposed free trade zone.
Reach out to the Sri Lanka Gem and Jewellery Association to learn more about the proposal and how to get involved.
Connect with the various dignitaries and ministers involved in the proposal to learn more about their vision for the industry and how to support it.

Technical terms

Sri Lanka Gem and Jewellery Association: A trade association in Sri Lanka that represents the interests of the gem and jewellery industry.
Strategic Hub Proposal: A plan to create a free trade zone for the sale of gems and jewellery in Sri Lanka, similar to those in Dubai, Thailand, and Singapore.
Free Trade Zone: An area in which goods can be traded without tariffs or other restrictions.
Foreign Income: Money earned from investments or business activities outside of one's home country.
Dignitaries: A person of high rank or importance.