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The infrastructure impetus can empower micro, small and medium enterprises in the gems and jewelry business to build world competitiveness and broaden their business in a contemporary and environment friendly environment, he stated. As per industry estimates, gross sales of categories like ethnic put on and marriage ceremony wear, gold jewellery and digital household appliances have declined by 10-20% in FY24 until February as compared to the same interval in FY23. However, luxurious and premium products bucked the development of gross sales decline mirroring the general trend in consumption, chief executives said.
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