From the Newsroom*
São Paulo – The jewellery industry from the southern Brazilian state of Rio Grande do Sul is going to receive investment of approximately US$ 450,000 this year. Last Friday (11), the Rio Grande do Sul state Brazilian Micro and Small Business Support Service (Sebrae/RS) signed an agreement for the creation of a Local Productive Arrangement so as to work on measures to strengthen the training at companies.
The investment will benefit 130 micro and small companies. Among the targets are the creation of 200 new jobs over a period of three years, increasing jewellery exports by 15% and domestic consumption by 20%. In the next three years, the Sebrae/RS should invest approximately US$ 18 million in 16 Local Productive Arrangement projects in Rio Grande do Sul.
Rio Grande do Sul is the second largest hub for production of gold plated and silver plated jewellery, losing only to the state of São Paulo, according to figures supplied by the Jewellery and Gem Cutting Industry Union of the Northeast of Rio Grande do Sul (Sindijóias/RS). Around 80% of Rio Grande do Sul jewellery production is plated jewellery and the remaining 20% is gold and silver products. This information was supplied by the Sebrae news agency.
*Translated by Mark Ament
