(PRESS RELEASE) MUMBAI — Chief Guest Hon’ble Commerce and Industry Minister Shri Piyush Goyal through a video conference inaugurated the 14th edition of IIJS Signature 2022 along with Shri Parshottam Rupala, Hon’ble Union Minister of Fisheries, Animal Husbandry & Dairying Govt. of India; Smt. Darshana Jardosh, Hon’ble Minister of State for Railways & Textiles; Shri Gopal Shetty, Member of Parliament; Shri Vipul Bansal, Joint Secretary , Department of Commerce, Govt. of India; Shri Colin Shah, Chairman, GJEPC; Shri Vipul Shah, Vice Chairman, GJEPC; Shri Shailesh Sangani, Convener, National Exhibitions, GJEPC; and Shri Sabyasachi Ray, ED, GJEPC along with others.
IIJS Signature is one of the leading Gem & Jewellery Trade Exhibitions. in Asia
The show is witnessing more than 950 exhibitors occupying 1,470 booths. There are more than 14000 + pre-registered visitors, including 400 international visitors and delegations from USA, UAE, Egypt, Nepal, Uzbekistan, and Bangladesh.
Shri Piyush Goyal virtually inaugurated the grand event in the presence of the august gathering and acknowledged the gem and jewelry industry for its efforts to generate export revenues despite the challenging times.
Shri Goyal said, “IIJS Signature has truly become the signature event of the Indian jewelry sector that showcases its prowess to the entire world. The event has become an institution by itself and caters to the sourcing needs of jewelry buyers from across the world. The Indian jewelry sector is a prime example of the potential of Make in India. I hope in the years to come, we will have the world looking up to India for sourcing jewelry with our hallmarking standards and assaying that offers guarantee of quality and will distinguish Indian jewelry from all others.”
Shri Goyal stated, “The gem & jewelry sector is crucial for the economy of our country. It is commendable that the industry has been tirelessly working towards achieving the Prime Minister’s goal of USD 41 billion in exports that has been earmarked for the sector. The industry’s contribution towards the ‘Make In India’ initiative is successful and aligned with the vision of our Prime Minister. The government of India will continue to support and strengthen GJEPC’s vision in driving this sector to new heights.”
Piyush Goyal further added, “The GJEPC has channelled its entrepreneurial spirit to convert this crisis into an opportunity. Over the last two years GJEPC had organized virtual trade events, Buyers Seller Meets, India Global Connect, webinars, and many more. These initiatives have helped the industry to bounce back quickly and gave a push both to domestic sales and exports.”
Colin Shah, chairman, GJEPC said, “As an industry, we have turned adversities into opportunities. It is evident from the export numbers of the financial year 2021-22 that in April – Jan 2022, total exports witnessed a growth of 12.28% in comparison to 2019, the pre-pandemic year. We got the confidence and energy from the Hon’ble Prime Minister Shri Narendra Modi himself, who set a goal of USD 400 billion for the export sector for the financial year 2021-22. Enthused by the performance of 2021-22, the Govt. has set a target for us of over USD 50 billion for the year 2022-23.”
“IIJS Signature is the aggregator of the entire industry. We have diamond jewelry, plain gold, silver, colored stones, polki jewelry and machinery pavilion, and we expect 15000 visitors from all over India and world. This is the indicator of positive sentiment in the industry and with continued govt. support, there is no reason why we cannot be the gems and jewelry capital of the whole world.”
“We thank our Hon’ble Commerce & Industry Minister Shri Piyush Goyal for his continued and timely support in policy reforms during the pandemic which has helped to revive Gem & Jewelry exports. The e-commerce policy is a long- desired stand and it will further the Prime Minister’s vision of making every district export-ready.”
Shri Parshottam Rupala said, “With the country facing a crisis, it is extremely critical to have events like these to keep the hopes high and motivation going. In reality, this diamond industry is a prime example of our Hon’ble Prime Minister Shri Narendra Modi’s ‘Make in India’ as all the raw material required by the industry is imported and around 94% of the finished products are exported. So we can say that it is a 100% ‘Make in India’ sector.”
Smt. Darshana Jardosh commented, “Until now no finance minister has spoken about diamonds in the budget, but this was the first time any Finance Minister spoke about diamonds and a cut in duty. This shows the importance that the Govt. places on this labour-intensive industry. Physical shows such as IIJS Signature increases competitiveness amongst exhibiting manufacturers. While the issue of equalization levy of 2% is still pending among other demands, the Govt. will examine it soon.”
Acknowledging the support offered by all stakeholders, Shri Shailesh Sangani, Convener, National Exhibitions, GJEPC stated, “IIJS Signature 2022 was possible with wholehearted support from everyone – including exhibitors, buyers, the Central government and Maharashtra government. Everybody has played an important role in successfully putting up a show of this stature.”
GJEPC is following all the Government-mandated Covid-19 protocols to ensure the safety of all concerned. There will be mandatory thermal scans and hand sanitization at the entry points. Entry will be permitted only to visitors with at least two vaccine doses.
MSME manufacturers had been offered special subsidies to participate at IIJS Signature 2022 under the Procurement and Marketing Support Scheme, by Ministry of MSME. Out of 195 MSME applicants, 94 were found eligible and granted financial assistance/subsidy of Rs. 1.4 Crore by the Ministry of MSME to participate at IIJS Signature 2022.