GJEPC Organized First-Ever India Silver Jewellery Buyer-Seller Meet In New Delhi
27 Leading Indian Silver Jewellery manufacturers and 49 International buyers from 16 countries participate at the BSM
The Gem & Jewellery Export Promotion Council, the apex industry body of the industry organized its 1st India Silver Jewellery Buyer Seller Meet (BSM) between 3rd – 5th October 2018, in New Delhi. Senthilnathan S. Deputy Secretary, Dept. of Commerce, Govt. of India inaugurated the proceedings of BSM at Hotel Radisson Blu, Dwarka.
In the first edition itself, the BSM has witnessed very encouraging response with 27 Leading Indian Silver Jewellery manufacturers displaying a wide range of exquisite Silver Jewellery Products to 49 International buyers from 16 countries consisting of Silver Jewellery Wholesalers, Retailers, Traders & Chain stores from nations such as Algeria, Australia, Egypt, Ireland, Jordan, UAE, UK, Uzbekistan, Kazakhstan, Kenya, Lebanon, Oman, Russia, Singapore, Sri Lanka, Tanzania.
Pramod Kumar Agrawal, Chairman, GJEPC said, “There is a growing demand for Silver jewellery or alternative metal globally. India can capitalise of this as it has the capability and skills to produce quality Silver jewellery matching international standards. The focus of the sector is to garner foreign exchange and increase value addition thereby generating employment in the sector. Silver jewellery product from India needs adequate exposure in the world market and thus steps like focused BSMs will help grow the demand for the product from India amongst consuming nations. We would also like to organise such BSMs in overseas markets by inviting potential buyers, thus giving maximum exposure to Indian Silver jewellery manufacturers across the world. We are hopeful that the Govt. would support this sector with trade friendly policies and thus help it to play a bigger role globally.”
Agrawal further added, ““Over the years, the demand for Made in India Silver Jewellery has increased worldwide. India has been offering a variety of designs, which are affordable and light weight. Moreover, India has added more value through bold use of diamonds and coloured gemstones.”
The Silver Jewellery Exports from India stood at US$3.38 billion in the year 2017, placing India amongst top 5 leading Silver jewellery exporters in the World.
“The Silver Jewellery BSM will provide a never before opportunity to decision makers to meet with the participating manufacturers for sourcing Silver Jewellery, understand supply chain, business practices and culture, identify and develop new sourcing opportunities and substantially increase direct exports of Silver Jewellery to the targeted regions” said Dilip Shah, Convener, International Exhibitions, GJEPC.
Lina Abouhalka, one of the buyers from Beirut which is the largest city of Lebanon, attending the event said, “It is a fantastic initiative from GJEPC showcasing the true strengths of jewellery craftsmanship in India. The buyer and seller meet is very promising which gives an opportunity to explore fine silver jewellery collections.”
She also said that future will be of Silver jewellery since gold is getting expensive day by day.