(PRESS RELEASE) MUMBAI — The Gem & Jewelry Export Promotion Council (GJEPC) has announced a series of measures to promote exports of diamond jewelry and gold jewelry from India. One of the latest being the special rate benefits for IIJS Signature 2020 & IIJS Premiere 2020 for exhibitors.
IIJS Signature 2020 & IIJS Premiere 2020 – In view of the current precarious state of the gem & jewelry industry, GJEPC has announced Rate Benefit to IIJS Signature and IIJS Premiere Participants as follows: Ordinary & Ordinary+ MSME Members: 15%; MSME Members: 10%; Associate Members: 5%. To avail this exclusive benefit, application with 50% advance for IIJS Signature 2020 and 10% Advance for IIJS Premiere 2020 should be applied by 20th November 2019.
Mr. Pramod Kumar Agrawal, chairman, GJEPC, said, “Globally, there’s a low demand for gems and jewelry. There are other factors that have affected the business domestically including the rise in import duty of gold. Our move to give rate benefits to exhibitors of IIJS Signature and IIJS Premiere is with the aim to give relief to our member exporters as this industry has been resilient to such situations in the past. This time at IIJS Signature 2020, we are adding a new Hall for Machinery and 100 New Stalls for Jewelry to accommodate participants in waitlist of last year. Special Buyer Promotion Program will create personalized and better experience to visitors. GJEPC will conduct Roadshows / Door to Door, in 100 plus cities. It will facilitate International connect in important countries to grow exports.”
Mr. Colin Shah, vice chairman, GJEPC Said, “Our vision is to grow India’s gem and jewelry exports to USD 75 billion and create additional 2 million employment in the sector by 2025. Over the last couple of years, the industry has been facing challenges which has resulted in decline in exports. GJEPC has been taking initiatives to address this situation and we have joined hands with Diamond Producers Association (DPA) and contributing rupees 14.2 crores towards DPA-led promotion of diamond jewelry in USA, China and India. We have also allocated rupees 5 crores for the promotion of gold jewelry in the Middle East market. GJEPC has been undertaking a series of initiatives for the sustainable development of the industry. Setting up Common Facility Centers (CFCs), Jewelry Parks, gem & jewelry institutes and promotional activities would help the industry to get back on a growth trajectory. GJEPC has started an employee health insurance scheme called Swasthya Ratna. The total number of lives covered till date are 5,21,659 under Swasthya Ratna. We have also launched Parichay Card for the benefit of the workers and so far we have received requests for 2,60,950 Parichay Cards from craftsmen and workers from the gem & jewelry sector. Parichay card holders would be eligible for various benefits and schemes offered by GJEPC.”
GJEPC has announced the dates for the 13th Edition IIJS Signature 2020. The show will be held in Mumbai’s Bombay Exhibition Centre (Goregaon) from 13th–to-16th February 2020. IIJS Signature, sees participation from over 700+ exhibitors. The focus is on product – jewelry of the highest standards of design, craftsmanship and finish. Just what you need to revitalize your inventory for the coming year. The show is compact enough to fully explore sourcing opportunities and, with a large number of new participants, it is the ideal platform to develop additional contacts.
Mr. Mansukh Kothari, convener-National Exhibitions Sub-Committee, GJEPC Said, “Our aim is to make IIJS amongst the top gem and jewelry shows in the world. Every year, based on the feedback from the buyers and exhibitors, we have been making the show better each year by adding new features and facilities. IIJS Premiere sees participation from over 1,300 exhibitors with 40,000 plus visitors from across cities pan India and 80 countries. IIJS today is reckoned as one of the world’s most preferred Gem and Jewelry Show by the gem and jewelry trade fraternity. Over 8,000 visitors have already pre-registered to participate in this event. The show is also available with navigation on the GJEPC App. I hope the rate benefits would be a relief to our members in this tough time.”
“For ease of retailers – Online visitor registration is open with special rate benefits in early registrations + multi show registration facilities (one show, 2 and 5 shows),” added Mansukh Kothari.