At Rs. 1,600, the item is to be sold at half the showroom cost

Tiruchi Jewellery Manufacturers’ Association has started selling nine carat jewellery directly to customers.

In doing so, the jewellery manufacturers who have so far been carrying out job works for branded jewellery shops are adding value to their expertise. They are selling the products with 37.5 per cent gold, in conformity with Hallmark BIS 375 certification.

Nearly 5,000 goldsmiths in Tiruchi are engaged in manufacturing nine carat nose studs, and the association intends to sell the product for Rs.1,600 at less than half the cost charged by jewellery showrooms, said Arokiasamy, the association president.

The sale of nine carat gold jewellery was launched by M.A.Maluk Mohamed, principal, MAM College of Engineering, at a recent meeting organised by TIMEA in association with Periyar Technology Business Incubator, which is supported by the National Science and Technology Entrepreneurship Development Board; Department of Science and Technology, New Delhi; and R.K. Entrepreneurship and Skill Development Centre, a partner institution of EDI, Chennai.

Prof. Mohamed offered the facilities of MAM Group of institutions for acceleration of entrepreneurship development activities.

N. Kanagasabapathy, managing trustee, R.K. Trust, informed that TIMEA was involved in providing training and handholding support to new entrepreneurs in the areas of leather and hosiery gloves manufacture, mat-weaving, CNC lathe, running beauty parlour, sandal tablet making, and paper bag making.

C. Ramaswamy Desai, Project Director, Periyar TBI, informed that the State Bank of Travancore has evinced interest to conduct a two-day women entrepreneurship development programme for 50 participants on October 4 and 5.

Three of the eight Entrepreneurship and Skill Development Programmes (ESDP) sanctioned by the Hyderabad-based National Institute of Micro Small and Medium Enterprises will be conducted in Tiruchi in the areas of ‘CNC Lathe and Wire cut milling’, ‘training on visual effects for SC and ST beneficiaries’ and ‘CAD/CAM training for general participants’.

Mr. Arokiasamy, who is also the president of Tiruchi District Micro Entrepreneurs’ Association (TIMEA), thanked the District Industries’ Centre (DIC) for taking steps for speeding up the functioning of Kumbakudi industrial estate of SIDCO (Small Industries Development Corporation).

DIC general manager S. Kandaswamy said Tiruchi district could achieve subsidy disbursal of Rs.40 lakh last year out of the sanctioned Rs.53 lakh, under the Unemployed Youth Employment Generation Programme.


6.5 % discount on gold coinsAugust 16, 2012