GJEPC outlines plans for final quarters of FY 2012-2013

Addressing a press conference at Inter-Continental, Mumbai, the Gem and Jewellery Export Promotion Council introduced new members of its Committee and identified plans for the third and fourth quarter of the FY 2012-2013. Amongst the new elected, Shri. Vipul P Shah will take on the role of Chairman and Shri. Pankaj Parekh, as Vice Chairman, taking over responsibilities from outgoing Chairman Shri. Rajiv Jain and Vice-Chairman, Shri. Sanjay Kothari, respectively. The new members will hold office for the next 2 years.

Sharing insights into the Council’s work in his tenure, Mr. Vipul Shah said, "The Council will focus to penetrate new emerging markets through Buyer Seller Matching programmes or trade delegations in the region. To provide impetus to the Diamond trade its pertinent to promote diamonds and boost consumer confidence for the category. Council will continue to promote India as the leading global gem and jewellery destination as well as further consolidate the domestic gem and jewellery industry while lending support and boosting the country’s jewellery business. "

Some of the key initiatives of the GJEPC in the coming months include:

Developing a strategy for Promotion of diamonds in India and China- with a sustained Marketing Campaign that would directly address the need faced by India and other emerging consumer markets such as China. The intent is to boost consumer confidence in India and China.

Expansion in New Markets- by continuing to organizing and partnering at various trade oriented events. It is taking forward its Buyer-Seller Meet initiative, with the Indo-Russia Jewellery Summit 2012 slated from 28-31st October 2012 in Mumbai and an Indo-Australian Jewelry Buyer Seller Meet in May 2013 in Sydney and Melbourne.

Inclusive growth of the sector: The Council has submitted proposals under the 12th five year Plan and approved by the Ministry of Commerce & Industry, to include establishment of a Convention Centre in Mumbai, a Common Facility Centre at Gujarat, Gem Bourse in Jaipur, Gem & Jewellery Park in Mumbai, Technology Upgradation in Gems and Jewellery Sector and a Gem & Jewellery Training Centre at Domjur, Kolkata. The total proposed outlay in 12th Plan (2012-17) is Rs. 1194.19 crores. Focused skill development in association with the GJSCI and setting performance standards for the council Institutes and Laboratories is also on the anvil.

Emphasis on Manufacturing Exports - In order to maintain consistency of rough supplies of diamonds and coloured gemstones, the Council under the guidance of the Ministry will work to achieve cohesive trade policies and business friendly regulations, and modernization of the manufacturing units.