The 11th edition of Signature IIJS (India International Jewellery Show) and the fifth edition of India Gems & Jewellery Machinery Expo (IGJME) were inaugurated at the Bombay Exhibition Centre in Goregaon in north Mumbai on Friday.
Arunkumar Mehta (chairman of Rosy Blue (India) Pvt Ltd and B Arunkumar & Co) inaugurated Signature IIJS 2018 in the presence of Pramod Agarwal (chairman, GJEPC), Colin Shah (vice-chairman, GJEPC),
Shailesh Sangani (convener, National Exhibitions, GJEPC), Kirit Bhansali (committee of Administration Diamond Panel, GJEPC) and Veena Wadkar (executive director for Operations, GJEPC).
More than 670 exhibitors and 1,500 plus stalls have put on display the most coveted premium jewellery at the four-day event. The Signature IIJS is expected to attract 16,000 visitors from
pan-India and more than 55 countries such as Kuwait, Qatar, Bangladesh, Nepal, the UK, Bahrain, Iran, Uzbekistan, Kenya, Malaysia, UAE, Saudi Arabia, Sri Lanka and Singapore amongst others.
Addressing the inaugural session, Mr Agarwal of GJEPC said, “We are proud and privileged to have a father figure and an institution, Arunkumar Mehta, to inaugurate the 11th Signature IIJS and 5th IGJME to set the tone for a very significant buying season and reaffirm our leadership. …The Council will soon present a planto make India a global manufacturing hub for the gem & jewellery business.”
“We appreciate the government’s recent initiatives such as reducing GST on polished diamonds from 3 per cent to 0.25 pc; reducing corporate tax on companies with turnover up to Rs 250 crore to 25 pc and government’s move to contribute 12 pc to Employee Provident Fund (EPF) in wages of new employment for three years in all sectors,” he added.
Mr Mehta of Rosy Blue said, “Since the formation of the Council in the 1960s, India’s gem & jewellery business has made a lot of progress and growth in the last 50 years from 1960-to-2010.” Mr Shah of GJEPC said, “Signature IIJS 2018 is important as the tides are slowly but surely changing and I foresee better times ahead for the gem & jewellery industry.”