GJEPC to Host Country’s 1st Ever India Gold Policy & Jewellery Summit


Union Commerce & Industry Minister to Inaugurate the Summit Finance Secretary, Commerce Secretary, Niti Aayog, DGFT, SEBI, DRI, key bureaucrats to address the Summit

Nation’s first ever India Gold Policy & Jewellery Summit will get underway on 1st  & 2nd  December 2017 at Vigyan Bhawan, New Delhi  bringing together  all stakeholders of the industry on a common platform and  share their opinion on the current status & challenges of the Indian bullion industry both nationally and internationally.

A Number of distinguished personalities like Shri Suresh Prabhu (Hon. Union Commerce & Industry Minister), Dr. Hasmukh Adhia (Union Finance Secretary), Smt. Rita Teaotia (Commerce Secretary), Shri Ratan Watal, Principal Adviser, NITI Aayog), Shri Alok Chaturvedi (Director General of Foreign Trade), Shri Manoj Dwivedi (Joint Secretary, Ministry of Commerce & Industry) amongst others will also grace the event with their presence.

Shri Praveenkumar Pandya, Chairman, GJEPC, addressing the press at New Delhi said, “India is one of the largest consumers of bullion and in sync with the Government’s intention to work on a comprehensive gold policy, GJEPC has taken the lead with the first ever India Gold Policy & Jewellery Summit. The participation of Union Minister of Commerce & Industry and key dignitaries from the Government shows the significance of GJEPC’s first-ever India International Gold and Jewellery Summit. Formulating a comprehensive Gold Policy with one authority ; reduction of import duty on Gold from 10% to 4% with a view to make fragmented gold jewellery sector more organised; Setting up of Jewellery Park and Common facility Centres; setting up of Gem & Jewellery university to upgrade managerial skill; inclusion of gems & jewellery in MEIS scheme are comprehensive package for G & J sector”

The Summit will also help India seize leadership in gold in the world and become a global hub for gems and jewellery as part of the Make in India agenda.”, he added

Some of the prominent speakers and panelists during the two-day deliberations include: Mr. Aram Shishmanian, Global CEO WGC, Mr. R C Bhargava, Chairman, Maruti Udyog Ltd.;  Mr. P. N Prasad, CGM, SBI;  Mr. Mehul Choksi, Chairman, Gitanjali; Mr. Balram Garg, Managing Director, PC Jewellers; Mr. Bobby Kothari, Jewelex; Mr. Chandu Siroya, Vice Chairman, Dubai Gold & Jewellery Group; Mr. PR Somasundaram, Managing Director, WGC India;  Mr. Sunil Kashyap, Nova Scotia; Ms. Rhona O’Connell, Thomson Reuters; Mr. ZHANG Yongtao, China Gold Association; Mr. Prashobh C., IBM; Mr. Vinod Hayagriv, C. Krishnaih Chetty & Sons;  Mr. Balesh Kumar,   Principal ADG & DG GSTI; Ms. Usha Balakrishnan, Jewellery  Historian; Mr. Suvankar Sen, Senco Gold & Diamond; Mr. Kapil Hetamsaria, Velvetcase; Mr. Sandeep Kulhalli, Tanishq; Mr. Rajesh Khosla, Managing Director, MMTC PAMP; Mr. Noray Isler, President of Istanbul Chamber of Jewellery; Ms. Shimul Vyas, NID; Mr. K. Srinivisan, Convener Jewellery panel, GJEPC; Mr. Doug Henry, Birmingham Assay Institute; Mr. Shivanshu Mehta, MCX; Mr. Rajesh Khosla, MMTC PAMP; Ms. Sakhila Mirza, LBMA; Mr. N Venkateswaran, NABL; Mr. David Bouffard, Sterling; Mr. Tyler Gillard, OECD; Mr. Surendra Mehta, IBJA; Mr. Shivanshu Mehta, MCX; Mr. James Jose, Hallmarking Association of India; Mr. Ajay Mathur, DMCC; Mr. Avinash Gupta, GJF; Mr. Emre Koker, Turkish Treasury; Mr. Alok Chaturvedi, DGFT; Mr. Ratan P. Watal, Principal Adviser, NITI Aayog; Mr. Avinash Srivastava, Secretary, Consumer Affairs; Mr. Himmet Karadag,Chairman of Borsa Istanbul; Mr. S. V. Murali Dhar Rao, Executive Director, SEBI; Prof Arvind Sahay, Head of India Gold Policy Centre, IIM-A; Mr. S K Jindal, Chairman, ASSOCHAM; Mr. Rahul Gupta, Bullion Federation of India; Mr. Mrugank Paranjape, MCX; Mr. Ajay Mehra, FICCI; Mr. Amar Singh, JP Morgan; Mr. Sanjeev Vohra, DGCX; Mr. D.K. Gupta, Special Director, Enforcement Directorate; Mr. Vivek Chaturvedi, Additional Director General, DRI; Mr. Nitin Khandelwal, Gem and Jewellery Federation; Mr. Rohan Shah, Legal Expert; Mr. Pranay Narvekar, CEO of the G&J KYC Information Centre

Mr. K Srinivasan, Convener, Jewellery Panel GJEPC, said, “A comprehensive gold policy framework is the need of the hour to make India a global hub for gems & jewellery and increase exports therein. The policy will also ensure transparency and trust amongst key stakeholders including consumers. It will stimulate efficiencies in supply chains and facilitate requisite delivery standards. Consultations amongst the key stakeholders will ensure hassle-free implementation. The Summit will lead to discussions and deliberations amongst Indian and international stakeholders as to how to leverage a best-in-class gold policy in enhancing marketing, merchandising and manufacturing. It will also discuss and deliberate ways to get the public to recycle its jewellery to reduce the nation’s reliance on gold imports.”

GJEPC’s India Gold & Jewellery Summit will cover topics such as Vision 2022: Indian Jewellery Exports at US$ 25 billion; Value Addition through Jewellery Manufacturing; Merchandising and Marketing of Jewellery; Jewellery Manufacturing Trends; Training and re-skilling artisans; Code of Conduct & Standards for Industry; Gold Policy Focus – View Point from Policymakers; Spot Gold Exchange for India; Hallmarking – How should Associations take the lead in driving this Initiative; Standardization of Gold Bars; Importance of Due Diligence in sourcing Gold Doré; Self-Regulation and creating an Automated Code Of Conduct; Issues related to GST and legal implications therein; Prevention of Money Laundering Act (PMLA); and Infrastructure, Triggers and Impediments amongst others. GJEPC’s India Gold & Jewellery Summit will be a life time opportunity for Gold Jewellery Manufacturers, Exporters, Retailers and Banks, etc. Participants will seek to understand the implementation procedures, best practices and hiccups from other countries in the world such as Turkey, UK and China amongst others.

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