In January, the All India Federation of Horological Industries published a white paper titled the Indian Timewear Industry 2011. e paper outlines the current state of the watch industry in India and sizeable future potential. This potential, the paper says,will depend on both the government and private parties stepping up. According to the report, prepared by Technopak Advisors, changes in taxation and other policies could accelerate growth in all segments and provide sizeable employment. e report projects that a reduction in excise duties could, in the medium term, turn positive for the government, and compares this to the impact in gems and jewellery exports.
Also See | A sector to watch (PDF)
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