The Fortune India
Business

Union Budget 2022 Expectations: Increase the import duty on watches to promote local manufacturing

Union Budget 2022 Expectations: Increase the import duty on watches to promote local manufacturing

Mr Gaurav Mehta, Founder, Jaipur Watch Company, shares his thoughts. 

We want to make India a watch design and manufacturing hub. To achieve this goal, we would want the government to provide financial and policy incentives. One of the things that the government can do is increase the import duty on watches to promote local manufacturing. India already has a strong watch making base and in the recent years we have also made a mark in the luxury and bespoke watch segment. With government support we can surely turn India into one of the world’s top watch making countries.

Union Budget 2022 Expectations: Increase the import duty on watches to promote local manufacturing
Jump Hour Watch

Jaipur Watch Company, the ‘Made in India’ brand, is steeped in the age-old craftsmanship traditions of Jaipur and its history of regal lifestyle even as it leverages the technology evolution that is changing the business of watchmaking, through its workshop and factory in Bengaluru. The brand, which began by using pre-British era coins, has now scaled up to introduce several unique design ideas and works with well-established craftsmanship techniques like guilloche, besides painstakingly crafting a range of gold bespoke watches. The watch brand creates unique, classic watches that resonate with Indians because of the stories of culture and traditions, history and spirituality told through the dial.

For more details, visit: https://jaipur.watch/

Related posts

3rd MedTech Policy Mahotsav 2026 Concludes in New Delhi with Strong Policy Consensus on Regulatory Harmonisation, Quality Compliance & Export Readiness for a Self-Reliant MedTech India

The Fortune India

Custodian of Humanity Awards & HPIE Awards 2026 Celebrate India’s Most Inspiring Changemakers in Healthcare, Humanity, Innovation & Nation Building

The Fortune India

Amouve’s custom Kapok Mattress: What Foam-free Sleep Feels Like

The Fortune India

Tired of Searching Different Websites for Simple Calculations? This Founder Built One Place for Everything

The Fortune India

Women-Led AI Studio Hits 1 Million+ Views Milestone, Redefining the Future of Digital Storytelling

The Fortune India

Goa Entrepreneur & Philanthropist Dr. Vinod G. Shirodkar Honoured with Prestigious ‘Rashtriya Samman’ at Bharat Mandapam, New Delhi

The Fortune India

Leave a Comment