Sensex 26638.11 77.96 0.29%
Nifty 7954.35 18.3 0.23%
IIJS Signature, one of Indias finest Gems & Jewellry show is now being held in Mumbai and will be on till Jan 10, 2011. After three successful shows in Goa, Gems & Jewellery Export Promotion Council (GJEPC) has shifted the show to Mumbai, Indias Jewellery hub. The shift from Goa to Mumbai is a decision taken to bring all trading activities to the centre of Indian commerce.
In the presence of Arun Gujarathi, Ex-Speaker of Maharashtra Legislative Assembly & Member of Legislative Council, Govt. Of Maharashtra & Rajiv Jain, Chairman, GJEPC, the Council inaugurated the 4th IIJS Signature today, at NSE Grounds, Goregaon. The show organised from 7th January to 10th January 2011, aims at exploring newer markets, attracting more buyers and displaying the best, and will undeniably prove to be the design destination of India. IIJS Signature 2011 is a confluence of the best that India has to offer in terms of design, craftsmanship and quality.
Speaking at the inauguration, Rajiv Jain, Chairman, GJEPC said, IIJS Signature 2011 has registered over 400 exhibitors, with over 800 booths and delegations from UK, UAE, Azerbaijan, Uzbekistan, Myanmar, Thailand, Libya, Vietnam etc. The show undoubtedly promises to showcase Indias finest in top-of-the-line jewellery design and manufacturing. The Gem & Jewellery industry is one of Indias leading foreign exchange earning sectors which over the years has witnessed a considerable growth in volumes of exports. Councils efforts like IIJS, IIJS Signature, Mines to Market, Indian Pavilions at International exhibitions such as Basel, JCK Las Vegas etc are efforts to ensure that the industry witnesses a steady growth of 25-30% every quarter.
While the new IIJS Signature 2011 offers the same style and ambience as the previous Goa shows the Mumbai edition will see many exciting new features. This show still focuses on the sourcing requirements of retailers, as before. The products on display are of the finest quality and contemporary design, housed in well-defined segmented sections for precious jewellery and loose diamonds & coloured gemstones a veritable treasure chest for retailers from across the country and overseas.
We are working towards establishing India as the world leader by 2020, needless to say, the growth & development of the Indian Gem & Jewellery industry is imperative to achieve the same. On behalf of the ministry, I would like to take this opportunity to acknowledge the various issues raised by GJEPC. I too believe that the issues concerning the removal of Octroi & building of a convention centre are paramount. While a solution has not yet been arrived at, I support the GJEPC in their endeavour to work towards the betterment of the industry. said Arun Gujarathi, Ex-Speaker of Maharashtra Legislative Assembly & Member of Legislative Council, Govt. Of Maharashtra
speaking at the event.
This year, along with the shift in base from Goa, GJEPC introduces new attractions. The Signature Club a special section for companies manufacturing high-end jewellery with carefully defined participation criteria are at a premium location. Also, an International Pavilion for leading overseas manufacturers of loose stones and precious jewellery will be constructed in the venue. With a convenient new date for timely re-stocking for the continuing marriage season and for Indias single largest gold buying event of Akshaya Tritiya IIJS Signature will without doubt be an opportunity to develop your business plan for the new year.
The IIJS, IIJS-Signature and IIJW jewellery shows organised by the Council have provided a platform for the industry to grow and collectively raise the bar in terms of quality, design and business practices. GJEPC is encouraged by the participation of industry members from around the country in these promotional initiatives. Another joint effort that is underway is in procurement of raw materials which will support the industry in managing its growth. The shift of IIJS-Signature to Mumbai provides a larger venue and enables many new jewellery manufacturers to participate in the show. It is one more collaborative effort to establish Indias stature at the forefront of the gems and jewellery world and will surely take us closer to this goal.
India Infoline News Service / 08:59, Aug 25, 2014
The outlook is a flat start. The BankNifty has given a breakout but many of the large caps are remaining in a range keeping the main indices under pressure.