Jewellers begin dispatches for ‘Thai Maaman Thanga Mothiram Thittam’
Work orders were issued to Joyalukkas Group and Kalyan Jewellers, the two jewellers awarded the tender for the scheme, in a 70:30 ratio
The Tamilaga Vettri Kazhagam (TVK)-led government in Tamil Nadu is set to launch the 'Thai Maaman Thanga Mothiram Thittam' scheme, which will provide a one gram gold ring to newborn babies delivered at government hospitals. The scheme has been allocated a budget of ₹560 crore. Two jewellers, Joyalukkas Group and Kalyan Jewellers, have been awarded the tender for the scheme, with Joyalukkas receiving a larger share of the work orders.
Joyalukkas Group has commenced dispatching consignments from their facilities in Chennai and Coimbatore to fulfill the order. They will manufacture and supply 89,955 rings for the first of the four lots. The packaging for the rings has been designed specially for the project, ensuring security and proper identification. Kalyan Jewellers, on the other hand, will supply 38,550 rings for the planed lots.
The jewellers have emphasized on the importance of quality control, security, and timely dispatch of the rings. The gold price is determined by the prevailing market rate, while the jewellers are responsible for the manufacture, hallmarking, secure packaging, and distribution of the rings. Both companies have expressed their confidence in successfully completing the scheme despite potential fluctuations in gold prices.
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