Organised jewellery logistics traders (movers of gems and jewellery) have struck gold post demonetisation if their recent growth trends are anything to go by. Also, much of the business of jewellery logistics seems to be shifting from informal and unorganised players to the organised sector after demonetisation and implementation of the Goods and Service Tax (GST), say industry players.
BVC Group, an organised logistics player, has seen a sudden spurt in growth after demonetisation. It saw its annual growth rate double compared to the years preceding de-monetisation. Not only has it maintained the high growth rate, but bucking the slowdown blues, BVC is confident of closing this year with a solid growth rate.
