GJF targets to grow from Rs 80,000 crores to Rs 125,000 crores by 2012.

At the fourth Annual General Body Meeting (AGM) of All India Gems and Jewellery Trade Federation’s (GJF) in Mumbai recently the trade body resolved to win consumer confidence through fair trade practices, ethical and transparent dealings. At the AGM, Mr C Vinod Hayagriv took over as Chairman in the presence of 240 jewellers from 68 cities across India.

C Vinod Hayagriv announced that the National Council for gem and jewellery under the aegis of the Ministry of Commerce and Industry was close to becoming a reality. A resolution was passed at the AGM signalling the Federation to communicate with the Ministry of Commerce and Industry expressing willingness to convert itself into a National Council.

Further, The GJF has planned to form Committees of District Conveners (CDC) to ensure representation from 35 states and 625 districts. According to this initiative, the Federation will try to reach talukas and district level jewellers and bring into its fold 1,00,000 members.

The incoming Chairman C Vinod Hayagriv, in his inaugural address to the board, members and other important members of the Gems & Jewellery industry said that, “My vision is to make GJF India’s nodal jewellery body with a world class organisational structure; to make Indian Jewellery Industry the finest in the world; and to help grow 50% from current levels, from Rs 80,000 crores to Rs 125,000 crores before end of year 2012 in a highly ethical, fair and transparent manner. In this endeavour, we will try to involve jeweller from every taluka, district, city and state.”