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Additionally, the government is promoting the Diamond Imprest License, which will allow small and medium enterprises (SMEs) to import diamonds based on their export turnover, thus leveling the playing field with larger exporters. The jewellery division aims to increase its market share from 8.5% to around 10-11% by FY 2026-27.
trillion in value by 2026. As for regional demand, the developed markets (the US, United Kingdom, France, Italy, Germany, Spain and others) are expected to grow at a slower pace of 2-5% than pharmemerging nations (India, China, Brazil, Russia, and others) growth rate of 5-8%. annualised rate.
The Company also secured a Technology License Agreement (TLA) with LocoNAV to integrate its proprietary telematics technology in products supplied by Minda Corp. The Company plans to power all its facilities with 100% renewable energy by 2026. During FY23, the Company announced a technical collaboration with DAESUNG , South Korea.
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