The Chief Guest for the function was Suresh Prabhu, Honourable Minster of Commerce & Industry & Civil Aviation. Poonam Mahajan, Member of Parliament was the keynote speaker for the awards ceremony. Other dignitaries present at the ceremony were Pramod Agrawal, Chairman, GJEPC, Colin Shah, Vice Chairman GJEPC, Kirit Bhansali, Convener, Awards Sub-Committee along with well-known names from the banking and gems and jewellery industry.
During the welcome speech, Pramod Agrawal said, “Suresh Prabhu ji is always concerned about our industry and is constantly thinking about ways to improve the industry. While he was on a trip to Russia and Mangolia, he was thinking of ways to do duty-free imports of raw materials from these places. Whatever issue we raise to him, he immediately solv es them. He has been a true guiding force. From reforming policies for the benefit of the industry to reducing the GST from 3 per cent to 0.25 per cent on cut and polished diamonds and gemstones, the government has always looked out for the industry."
“I am happy to share that for the period Feb 2018 to May 31st 2018 there has been a 7:39 per cent growth. The ministry of commerce and industry under the guidance of Suresh Prabhu has also been working towards generating more employment. The GJEPC has signed an MoU with the Maharashtrian Government to set up India’s biggest jewellery park in Mumbai. The park is expected to draw an investment of 13000 crore and generate an additional 1 lakh jobs. The GJEPC is setting up 13 CFCs in the country to improve the productivity of karigars,” he added.
Suresh Prabhu, Honourable Minster of Commerce & Industry & Civil Aviation, in his speech said, “It gives me immense pleasure that the GJEPC is organizing 44th edition of India Gem & Jewellery Award to honour the outstanding achievers of the industry. The gem and jewellery sector is one of the thrust areas for export and is consistently performing well. The industry has registered a remarkable growth over the last five decades, with export having grown from US$ 28 million in 1966-67 to 41 billion in 2016-17. Today, this sector is one of the leading foreign exchange earners accounting for around 15 per cent of the country’s total export of merchandize goods. Our liberal policies combined with the enterprise of the industry and excellent craftsmanship of our artisans, have made India the preferred manufacturing centres for gem and jewellery worldwide.”
Poonam Mahajan in her keynote speech spoke about the role of gem and jewellery industry in country’s economy. She said, “The Indian gem and jewellery sector plays an important role in our economy and also offers employment to millions of people in the country. This award function has been a perfect platform recognizing all verticals of the industry for their export excellence. This platform has recognized women entrepreneurs and MSME exporters encouraging them to move to the next level. I congratulate each and every award winner and wish them more success in the coming years.”
Kiran Group continuing with its winning streak walked away with maximum awards in some of the prominent categories like C&P Diamonds (Highest Turnover), Best Digital Initiative and Highest Taxpayer Company. Laxmi Group, too, received more than one award in categories like Best Growing Company, Most Social Responsible Company, etc.
IGJA 2017 felicitated industry players for their exemplary performance on key parameters such as growth, export excellence, marketing initiatives, innovation, value additions and investment in R&D, among other attributes, during the year 2016-17. It also recognized entities supporting the sector such as banks and agencies supplying gold.
Dun & Bradstreet, one of the world’s leading providers of business information, knowledge and insights were entrusted with the responsibility of Knowledge Partner for IGJA 2017. The awards ceremony was powered by GIA, co-partnered by Emerald Jewel Industry and was supported by RMC.
A standing ovation was given to Kanubhai Shah from KBS Diamonds who was honoured with Lifetime Achievement Award. The ceremony was hosted by Cyrus Broacha, a well-known TV anchor and Comedian, who kept the audience entertained throughout the evening with his humour. During the ceremony, over 40 awards were given away. Here is the list of the awardees: