Gem & Jewellery Export Promotion Council (GJEPC) kick started India Silver & Fashion Jewellery Buyer Seller Meet (BSM), in the pink city of Jaipur at Rajasthan from 12th – 14th June 2019. The event was inaugurated by Mr. Pramod Kumar Agrawal, Chairman, GJEPC; Nirmal Bardiya, Regional Chairman, Silver Panel Convener Ram Babu Gupta along with International buyers and exhibitors from India.

Commenting at the inauguration, Pramod Kumar Agrawal, Chairman, GJEPC said, “The BSM has been organised with an objective to meet current business needs of Silver Jewellery industry and to further establish and strengthen new business opportunities and promote business globally. The 3-day business matching programme will be an ideal opportunity to showcase India’s strength & capabilities in manufacturing Silver jewellery which is in demand due to its exclusivity and craftsmanship, whether its machine-made or hand made. Made in India Silver jewellery has gradually made a mark in international markets with remarkably good designs, bold use of diamonds and coloured gemstones thereby adding more value addition. I am sure buyers will get to see a range of innovative and trendy jewellery as per their needs and requirements”.

The India Silver Jewellery BSM will be a mix of a Buyer Seller Meet (BSM) and an open meeting day between invited buyers and exhibitors. Over 20 Silver Jewellery manufacturing companies will be showcasing their manufacturing skills to 39 International buyers consisting of Silver Jewellery Wholesalers, Retailers, Traders & Chain stores from the targeted region viz., Algeria, Australia, Egypt, England, Ireland, Jordan, UAE, USA, Spain, Kuwait, Thailand, during the BSM meet.

At the same time, for buyers, this is an opportunity to understand the Indian Silver sector better for their sourcing needs, understand supply chain, business practices and culture. “I am sure both the buyers and sellers would make the most out of this platform to further establish and strengthen new sourcing relationships and promoting business globally”, added Agrawal.

The gem and jewellery sector is going through tough times and Agrawal expressed concerns impacting exports and overall growth of the sector. GJEPC has been talking with the Govt. to address major Banking Issues affecting G&J industry including, increase in Cost of Funds, Need for Interest subvention, Dollarisation of Credit Limits, Allowance of release of BG/ Cash Margins of exporters after exports; Reintroduction of ECGC WTP policy for the sector, Gold Card and Taxation Issues.