Indian jewellers step up operations in West Asia

Indian jewellers have stepped up their operations in West Asia over the past year amid growing demand in the region as the 10% import duty imposed on gold at home has further encouraged non-resident Indian buyers in particular to shift to markets in the Persian Gulf. Even a new entrant like Kalyan Jewellers claims to have already bagged a customer base of more than one lakh among the South Asian diaspora, led by immigrants mostly from south India.

Source: http://retail.economictimes.indiatimes.com/news/apparel-fashion/jewellery/indian-jewellers-step-up-operations-in-west-asia/46131116

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