IGJA Hon­ours Stel­lar Per­form­ers

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The Gem & Jew­ellery Ex­port Pro­mo­tion Coun­cil (GJEPC) or­gan­ised the 44th edi­tion of the In­dia Gem & Jew­ellery Awards (IGJA) in Mum­bai on July 28th to re­ward top per­form­ers from the gems and jew­ellery in­dus­try. Union min­is­ter for com­merce & in­dus­try and civil avi­a­tion Suresh Prabhu, and par­lia­ment mem­ber Poonam Ma­ha­jan fe­lic­i­tated the IGJA win­ners.

The in­dus­try play­ers were cho­sen for their ex­em­plary performance by an em­i­nent jury based on key pa­ram­e­ters such as growth, ex­port ex­cel­lence, mar­ket­ing ini­tia­tives, in­no­va­tion, value ad­di­tions and in­vest­ment in R&D, among other at­tributes, dur­ing the year 2016-17. GJEPC re­ceived 129 nom­i­na­tions, of which a to­tal of 44 win­ners were se­lected.

Speak­ing at the awards cer­e­mony, Prabhu said, “I am proud to be as­so­ci­ated with this in­dus­try that has a huge po­ten­tial. We have reg­is­tered a high rate of ex­ports growth in the last six years at 20% and ex­pect the same re­sults in 2018-19. The world is wit­ness­ing a host of chal­lenges and the global en­vi­ron­ment we op­er­ate within is in­creas­ingly get­ting tougher and as a re­sult global trade is en­coun­ter­ing crises. In the face of prob­lems faced by the World Trade Or­ga­ni­za­tion

(WTO), we need to find a path and con­tinue to grow faster at 8-9% against last year’s 7.6% and we do hope that we will be able to sus­tain the mo­men­tum in fu­ture.”

“Banking is a very im­por­tant is­sue and we must ad­dress it and we will con­tinue to work on it and make sure that the gen­uine credit re­quire­ments of the sec­tor are met,” Prabhu added. The min­is­ter also stressed on more sec­tor and in­dus­try-level syn­ergy and co­he­sion, ef­forts which are be­ing spear­headed and pro­moted on the ex­port front by the GJEPC. Re­fer­ring to a new Do­mes­tic Gold Coun­cil which is soon to be set up, Prabhu averred, “While the GJEPC con­tin­ues to en­sure, lead and cra­dle ex­port pro­mo­tion ini­tia­tives and mea­sures, the do­mes­tic sup­port is set to emerge and em­anate from the in-the-pipe­line new coun­cil.”

Pramod Agrawal, chair­man, GJEPC, noted, “GJEPC has been de­vel­op­ing all as­pects of the in­dus­try with a view to grow em­ploy­ment and ex­ports in the best man­ner. We would like to con­grat­u­late all the in­dus­try peo­ple, win­ners and mem­bers of the jury for their ex­ten­sive sup­port in at­tain­ing the lead­er­ship po­si­tion in the world. It is a plea­sure to add that GJEPC has signed an MoU with the Maharashtra gov­ern­ment for set­ting up In­dia’s largest Jew­ellery Park in Mum­bai with an in­vest­ment of R13,800 crore that will gen­er­ate an ad­di­tional one lakh jobs.”

Poonam Ma­ha­jan, in her key­note speech, spoke about the role of gems and jew­ellery in the coun­try’s econ­omy. “The In­dian gem and jew­ellery sec­tor plays an im­por­tant role in our econ­omy and also of­fers em­ploy­ment to mil­lions of peo­ple in the coun­try. This award func­tion has been a per­fect plat­form recog­nis­ing all ver­ti­cals of the in­dus­try for their ex­port ex­cel­lence. This plat­form has recog­nised women en­trepreneurs and MSME ex­porters, en­cour­ag­ing them to

move to the next level. I con­grat­u­late each and ev­ery award win­ner and wish them more suc­cess in the com­ing years.”

A to­tal of 44 awards were given in cat­e­gories such as pre­cious metal, jew­ellery – plain & stud­ded, sil­ver jew­ellery, cut & pol­ished di­a­monds, cos­tume/fash­ion jew­ellery, coloured gem­stones, sales to for­eign tourists and syn­thetic stone. Seven spe­cial awards were given based on spe­cial clas­si­fi­ca­tions, such as most in­no­va­tive com­pany, most so­cially re­spon­si­ble com­pany, women en­tre­pre­neur, best dig­i­tal ini­tia­tive, life­time achieve­ment, etc. Seven awards were given to banks and agen­cies con­tribut­ing to in­dus­try growth in terms of fi­nance and sup­port.

The jury mem­bers who se­lected the win­ners in­cluded Nirupa Bhatt, man­ag­ing di­rec­tor - GIA, In­dia, Arava­mu­dan Kr­ishna Ku­mar, for­mer MD – SBI, and Jayashree Ra­maswamy, chief fi­nan­cial of­fi­cer & com­pany sec­re­tary, Dun & Brad­street In­dia.

IGJA 2018 was pow­ered by GIA, part­nered by Emer­ald, and sup­ported by RMC Gems.

Suresh Prabhu ad­dress­ing the gath­er­ing.

Deeta Jay Thaku­ral (cen­tre) was the joint win­ner of the Woman En­tre­pre­neur of the Year award.

Kanub­hai B. Shah re­ceiv­ing the Life­time Achieve­ment award from Suresh Prabhu and Poonam Ma­ha­jan.

(Top) B.V. Chi­nai & Co. (In­dia) Pvt. Ltd. won for Clear­ing Agent of the Year. (Above) The Ki­ran Group picked up a to­tal of six awards.

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