Keywords: jewellery industry pestel, pestel analysis jewellery industry
Jump to: PESTEL Examination of the Jewellery Industry
The Indian Jewel Jewellery sector is one of the most energetic and fast growing sectors of the Indian Overall economy. The gems and jewellery sector in India is unorganised and fragmented. Around 90% of the players operate in the unorganized sector. This was a unique part of an industry where traditional business environment exists. The company's operations are common in range and global in spread covering all facets of diamonds and jewellery produce and trading in rough and polished stones, in any way key locations worldwide.
The Indian gems and jewellery sector is pre-dominently dependent on the US marketplaces, which is its top export vacation spot.
Introduction and historical background
Brief explanation of suggested entrepreneurial venture
The venture under consideration is a rice brokerage organization which is a service providing firm regarding offering and purchasing of rice to and from different dealers and rice mill owners. This organization will provide as a middleman and do not require investment in purchasing rice but this company will fee 0. 5% commission payment from each buyer and vendor for a single transaction. The aforementioned said fee will be costed due to providing services to rice dealers and rice mill owners.
Context of the organization
The business of rice brokerage firm is based on the service industry. The type of rice brokerage organization is to facilitate people related to rice business to find buyers and vendors of rice.