


Ministry of Finance
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@FinMinIndia
Official Account of the Ministry of Finance, Government of India.































Smt @nsitharaman addressed the gathering at the inauguration ceremony of the new premises of the Indian Institute of Gems & Jewellery (IIGJ) in Udupi, Karnataka. Shri Kota Srinivas Poojary (@KotasBJP), Hon’ble MP (LS) and Shri Yashpal Anand Suvarna (@YashpalBJP), MLA, were also present on the occasion.



Smt @nsitharaman witnessed the signing of an MoU between the Indian Institute of Gems & Jewellery and IIT Madras under the InCent LGD platform for a specialised, industry-oriented certification programme in lab-grown diamond technologies. The programme will help bridge critical skill gaps, create job-ready professionals, boost value-added manufacturing and strengthen India’s position in the global LGD (lab-grown diamond) value chain, aligned with Make in India, Skill India and the goal of a self-reliant, globally competitive LGD ecosystem. The ₹242 crore grant announced in the Union Budget 2023–24 for lab-grown diamond research at IIT Madras is helping build a world-class ecosystem. Under the InCent initiative, India’s first indigenously designed scaled prototype of a High Pressure High Temperature LGD machine has been developed and installed at IIT Madras, while imported commercial HPHT machines have also been installed for benchmarking.












Smt @nsitharaman witnessed a demonstration of the ‘Design to Manufacturing’ process by students at IIGJ Udupi. She also interacted with trainees of IIGJ Udupi and entrepreneurs from the gems and jewellery industry. ಶ್ರೀಮತಿ ನಿರ್ಮಲಾ ಸೀತಾರಾಮನ್ ಅವರು ಉಡುಪಿಯ ಐಐಜಿಜೆ (IIGJ) ಸಂಸ್ಥೆಯಲ್ಲಿ ವಿದ್ಯಾರ್ಥಿಗಳು ಸಿದ್ಧಪಡಿಸಿದ ‘ವಿನ್ಯಾಸದಿಂದ ಉತ್ಪಾದನೆಯವರೆಗಿನ’ ಪ್ರಾತ್ಯಕ್ಷಿಕೆಯನ್ನು ವೀಕ್ಷಿಸಿದರು. ನಂತರ, ಅವರು ಉಡುಪಿಯ ಐಐಜಿಜೆ ನ ಶಿಕ್ಷಣಾರ್ಥಿಗಳು ಹಾಗೂ ರತ್ನ ಮತ್ತು ಆಭರಣ ಕ್ಷೇತ್ರದ ಉದ್ಯಮಿಗಳೊಂದಿಗೆ ಸಂವಾದ ನಡೆಸಿದರು.












Smt @nsitharaman inaugurates the new premises of Indian Institute of Gems & Jewellery (IIGJ) in Udupi, Karnataka. Shri Kota Shrinivas Poojari (@KotasBJP), Hon'ble MP (LS) was also present on the occasion. In 2017, while serving as Minister of Commerce & Industries, Smt @nsitharaman had laid the foundation stone of IIGJ in Udupi with her MPLADS funds & with support from the Gem & Jewellery Export Promotion Council & National Institute of Design, Ahmedabad, with an aim to enhance employability among youth and women. It is first of its kind institute in the South India. Udupi has a rich tradition in jewellery making, having over 100 retail stores and more than 5,000 artisans and craftsmen. Despite its heritage, the region lacked a modern technological orientation. The institute provides up-skilling for current workers and new skills for youth to make them globally competitive in design and manufacturing. The institute provides training in various aspects of hand-crafted jewellery making, creating numerous employment & entrepreneurial opportunities in the Gems & Jewellery sector. It also focuses on enhancing the skills of the existing workforce. The institute is equipped with 41 state-of-the-art jewellery manufacturing, CAD, casting, testing, and finishing machinery, including XRF gold-purity testing, CAD software, casting machines, plating units, and full production-line facilities - enabling both training and common facility centre (CFC) services. IIGJ–Udupi has played a key role in artisan formalisation by facilitating “Parichay Card” registration for 762 jewellery artisans. The institute also trains people under the PM Vishwakarma scheme.


