Page 30 - Bullion World Issue 6 October 2021

Bullion World | Issue 06 | October 2021

and spent nearly two hours interacting
with the exhibitors. Mr. Goyal said, “It is
a pleasure to be at IIJS Premiere 2021
that has shown all the hard work and
dedication put forth by multiple retailers,
exhibitors of the gems and jewellery
sector in India. The current Government
policies have been formulated keeping
in mind all the concerns and aspirations
while encouraging them to venture past
the government initiatives at present.
The creation of a ‘Credit Guarantee
Fund’ could help manufacturers
overcome financing issues and facilitate
smoother trade.” More than 100 leading
manufacturers, retailers, exporters,
trade associations, international
buyers participating at IIJS shared new
with the Council dignitaries felicitated Government and the Karnataka State
advancements, initiatives, and other
Mr. Rupinder Pal Singh, Team Member, Government. Everybody has played an
industry-related issues directly with Mr.
Indian Men’s Hockey Team; Mr. Krishna important role in successfully putting up
Piyush Goyal. At the event, the Minister
Nagar, Gold Medallist, Para-badminton; a show of this stature.”
unveiled the Cluster Mapping Report
and Mrs. Bhavina Patel, Gold Medallist, by The National Council of Applied
Para-table tennis. The Olympians were IIJS participants gained valuable insights Economic Research (NCAER) and
honoured with a gold brooch that was on the current business environment GJEPC, which has enabled the industry
manufactured by Anand Shah and from thought leaders at the Spectrum to identify clusters for gem and jewellery
designed by Namrata Bhardwaj, one Seminars featuring action-packed manufacturing to boost exports. In
of the winners of Artisan Awards 2021, knowledge sharing panel discussions response to the recommendations
GJEPC’s annual design competition. on topics like the World Gold Council’s
You Are Gold campaign and Retail Gold regarding policy-related matters put
forth by Mr. Colin Shah on behalf
Mr. Bommai said, “The state of Investment Principles, the Future of Lab- of the industry, Mr. Goyal offered
Karnataka is setting up a Gem Park and grown Diamonds, Jewellery Industry’s practical suggestions. He encouraged
reached out to GJEPC to explore the Digital Transformation, Data Analysis for manufacturers to set up lab-grown
opportunity. The artisans of the industry Growth, Fundraising by Jewellery Start- diamond (LGD) machines rather than
have almost no formal education, despite ups, the Art of Business Storytelling, etc. depending on the Production-Linked
this it’s their skill that makes them stand Incentives Scheme. “LGDs have the
apart from others. The value of jewellery Show-Stopper potential to catch the fancy of the middle
accounts for the hard work that’s been
class,” he noted.
put in by artisans. Our skilled artisans The highlight of IIJS Premiere 2021
in the gem industry are considered was an Interactive Session featuring Mr. Goyal hailed the ₹11,000-crore
amongst the best in the world.” Mr. Piyush Goyal, Hon’ble Minister for Jewellery Park project that will be set
Commerce & Industry, Textile, Consumer in Navi Mumbai. As for the FTAs, he
The show’s Organiser-In-Chief Mr. Affairs, Food and Public Distribution, informed that there is every possibility
Shailesh Sangani, Convener, Exhibition Govt. of India along with Mr. Colin Shah, to sign up one with Australia once the
(National), GJEPC, stated, “The 37th Mr. Mahendra Tayal, Regional Chairman- international covid restrictions are lifted.
edition of IIJS Premiere 2021 held in Southern Region, GJEPC; Mr. Shailesh The Minister concluded his talks by
a physical avatar post the pandemic, Sangani, and Mr. Sabyasachi Ray, reiterating the fact that the industry must
was possible due to the wholehearted Executive Director, GJEPC. be self-reliant and self-regulatory.
support from all stakeholders, including Prior to the session, the Commerce
exhibitors, buyers, the Central Minister visited all the five expo halls

30