19 Oct 2021
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IIJS Premiere 2021 To Help Achieve Gem & Jewellery Export Target Of USD 42 Billion In FY 2022
· IIJS Premiere 2021 Roadshow held in Delhi · IIJS Premiere 2021 to further boost the gem and jewellery exports. Trade show to be organised in Bangalore International Exhibition Centre from 15th–19th September, 2021 · World Gold Council (WGC) launches The Retail Gold Investment Principles (RGIPs)
By: Diamond World News Service
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Aug 24 2021 10:12AM
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Reference: 25809  

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(L-R) Somasundaram PR, Regional  CEO, India , World Gold Council_ Colin Shah, Chairman, GJEPC_ Suresh Kumar,  Jt. Secretary, Ministry of Commerce & Industry
(L-R) Somasundaram PR, Regional CEO, India , World Gold Council_ Colin Shah, Chairman, GJEPC_ Suresh Kumar, Jt. Secretary, Ministry of Commerce & Industry

The Gem & Jewellery Export Promotion Council in association with World Gold Council, organised the IIJS Premiere 2021 roadshow at New Delhi. It witnessed the participation of leading jewellery Retailers, Manufacturers and trade associations from Delhi and neighbouring areas. IIJS Premiere 2021, one of Asia’s leading Gem & Jewellery trade exhibitions, will be held at Bangalore International Exhibition Centre from 15th–19th September, 2021. It is the first time that the show is held outside Mumbai, in Bengaluru at the Bangalore International Exhibition Centre (BIEC).

The roadshow was attended by Mr. Suresh Kumar, Jt. Secretary, Ministry of Commerce & Industry; Colin Shah, Chairman, GJEPC; Mr. Somasundaram PR , Regional CEO , World Gold Council; Mr Ashok Seth, Regional Chairman, Northern region, GJEPC; and Mr Mansukh Kothari, Convener, Events, GJEPC. The objective of the roadshow was to increase participation from smaller towns across the country which will lead to stronger trade relationships and larger volumes of business transacted.

Speaking on the occasion Mr. Suresh Kumar, Jt. Secretary, Ministry of Commerce & Industry said, “The industry has an export target of USD 42 billion for FY 2022, and considering the current momentum of exports, I am confident the industry should be able to achieve the same.”

GJEPC Chairman Colin Shah said, “The financial year has started on a positive note with Q1 recording a growth of 8.46% to Rs. 67265.66 Crore as compared to the pre-pandemic year 2019. The month of July 2021 also recorded a growth of 27% to Rs. 24881.52 Cr compared to FY 2019. With IIJS Premiere 2021 in September, it will further boost the sentiment of the industry. It is an opportunity for buyers to restock their inventory before the start of the festive season.”

On this occasion, World Gold Council, the associate partner of GJEPC for organizing the roadshow, launched ‘Swarna Adarsh Abhiyaan’ inspired by The Retail Gold Investment Principles (RGIPs). Somasundaram PR, Regional CEO, India, World Gold Council said, “These Principles are designed to set the bar for product providers across the global retail gold market and further encourage retail investors to place their trust in gold. The RGIPs will provide high-level, best practice principles for providers of all kinds of retail gold investment products and, through their adoption, ensure the highest levels of fairness, transparency and integrity is instilled across the market”. It is envisaged that the adoption of best practices will lead to greater trust, benefiting customers and product providers alike, creating value and driving demand across the industry.”

Commenting about the IIJS Premiere 2021, Mansukh Kothari, Co-convener, Events, GJEPC, said, “It is the first time that the show will be held outside Mumbai, in Bengaluru at the Bangalore International Exhibition Centre (BIEC). Shifting to another city has not affected the participants' enthusiasm, and we have 1300+ companies for approximately 2500 stalls at the show. As always, safety and security will be of utmost priority at the show”

All registrations for the latest edition will be processed online. Since this is the GJEPC’s first in-person trade show after the lockdown, it will follow all COVID-19 protocols to ensure safety. All event attendees would be required to follow covid safely protocols as per the Karnataka Government’s norms. A vaccine certificate is compulsory and RTPCR Report (48 hrs) is needed for attendees who have taken their first dose. For double vaccinated attendees, an RTpcr test is not required.

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