(PRESS RELEASE) DUBAI — GJEPC, the apex body of the gem & jewelry trade in India, unveiled the first of its kind The India Jewellery Exposition (IJEX) centre in Dubai. IJEX is a Global Business Touchpoint especially for GJEPC members to connect with international buyers. The centre was inaugurated by Hon’ble Minister of Commerce & Industry, Consumer Affairs & Food & Public Distribution and Textiles, Government of India Shri Piyush Goyal along with Dr. Aman Puri, consul general of India, Dubai; Dr. Srikar Reddy, joint secretary (WANA) DOC; Mr. Colin Shah, chairman, GJEPC; Mr. Lachlan Gyde, executive director, Ithara; Mr. Vipul Shah, vice chairman, GJEPC; Sabyasachi Ray, ED, GJEPC amongst others.
IJEX is a one-stop destination for the world to source Indian jewelry in Dubai. The platform will enable GJEPC members to display goods and book orders throughout the year. The 365-day exhibition will promote specific categories of ‘Made in India’ gems & jewelry, divided into four seasons, each lasting three months.
On this occasion, GJEPC signed an agreement with ITHRA, Dubai, a body under the Ministry of Economy of UAE who has built the New Gold Souk as the extension of existing Gold Souk in Deira, Dubai. IJEX based in ITHRA, will house IJEX in Dubai which in future will be an anchor to expand the market to GCC countries.
Congratulating GJEPC for establishing its first international office in Dubai, Shri Piyush Goyal in his address said, “IJEX 2022 will probably be the first serious engagement between UAE and India after the signing of the CEPA, which will be coming into force on 1st May. I am sure that this Centre will play an important role in helping us meet ambitious targets for the trade relations between UAE and India. The Indian Government is actively promoting Brand India, and the gem and jewelry is one of our main focus sectors in our engagement of expanded global outreach.”
Expressing confidence in the Indian gem & jewelry sector, Piuysh Goyal further added, “India has the potential to become the global gem and jewelry champion. It should tap new markets, develop incisive marketing tools, create irresistible, contemporary designs for the world market that will help in promoting Brand India. The Indian gem and jewelry sector can easily achieve the 100 billion target. You have the “will do” spirit and passion. I wish IJEX a huge success and I am sure this will be window for the finest Indian jewelers to the UAE and the world.”
Colin Shah, chairman, GJEPC said, “IJEX by GJEPC is a one-stop destination for the world to source Indian jewelry in Dubai. This India jewelry enclave now in Dubai will be the window to the country’s best jewelry and offer a glimpse of India’s varied manufacturing capabilities. The timely conclusion of the UAE-India CEPA in the run-up to the IJEX launch, is expected to push India’s gold jewelry exports to UAE to $10 billion.”
Vipul Shah, vice chairman, GJEPC said, “Indian Gem & Jewelry sector will be benefitted the most from the India-UAE CEPA, and this new initiative by GJEPC – IJEX in Dubai will be an ideal launchpad for Indian wholesalers and manufacturers to connect with foreign buyers. The partnership will also enable Indian independent and chain-store retailers to export jewelry directly to UAE-based consumers.”
Dr Aman Puri, consul general of India to Dubai said, “Many congratulations to the GJEPC for the launch of their first international centre in Dubai. Extremely happy that UAE and India are at an inflection point with the joint collaboration and we expect the exports to double in the coming months. Going forward, we will be able to capaitalize on the opportunities that have opened up.”
Lachlan Gyde, executive director, Ithra said, “On behalf of Ithara, we take pleasure in welcoming GJEPC to the City of Gold. It’s the Council’s first international office and we look forward to a successful collaboration. The success of this new extended precinct will help traders and industry and community at large. We are happy to bring international flavor to Ithara and thank GJEPC as one of our new partners. We welcome a whole new generation of gems and jewelry traders from India to Dubai.”