Left Menu
Development News Edition

GJEPC kick-starts 4-day gold jewellery buyer-seller meet

"The plain gold jewellery VBSM is an important step taken by the GJEPC in the times of pandemic, and the event is a key mode of promotion for India to globally connect with buyers," Commerce and Industry Joint Secretary Suresh Kumar said after inaugurating the virtual event. He added that we have to get used to a new normal by converting the coronavirus-related problems into new opportunities.

PTI | Mumbai | Updated: 21-09-2020 20:27 IST | Created: 21-09-2020 20:27 IST
GJEPC kick-starts 4-day gold jewellery buyer-seller meet

The Gem and Jewellery Export Promotion Council (GJEPC) on Monday kick-started its first four-day plain gold jewellery Virtual Buyer Seller Meet (VBSM) in which nine Indian sellers and 17 international buyers are participating. "The plain gold jewellery VBSM is an important step taken by the GJEPC in the times of pandemic, and the event is a key mode of promotion for India to globally connect with buyers," Commerce and Industry Joint Secretary Suresh Kumar said after inaugurating the virtual event.

He added that we have to get used to a new normal by converting the coronavirus-related problems into new opportunities. "Many such events should be held in the future to reclaim the export business to the pre-COVID-19 level through such new platforms." He said the government is identifying and introducing various reforms to minimise the effects of the pandemic. "We have to increasingly use e-commerce in the wake of new health protocols in order to grow.

"We are working on policy-related issues and are seriously discussing matters to facilitate trade through e-commerce. Let me congratulate GJEPC Chairman and other members, including buyers and exhibitors, who have joined this platform to make it a grand success," he added. The industry has been quick to adapt to the new normal and leverage the digital platform to organise virtual BSMs, thus fulfilling the sourcing need of its international buyers during this pandemic, GJEPC Chairman Colin Shah said.

"The good news is that markets in the US, China and Europe, Middle East and Eastern Asian nations are reopening, and we are witnessing demand for gems and jewellery from these regions," he added. Shah added that the introduction of a progressive e-commerce policy for the gems and jewellery sector is the need of the hour. "This will make the industry more competitive in the international market and will help in faster recovery." GJEPC Vice-Chairman Vipul Shah stated that the Indian gems and jewellery industry is on the path of recovery and the manufacturing units have started functioning, although in limited capacity by adhering to all safety measures.

"We are witnessing demand from international markets and we are expecting demand will further grow in the coming months, owing to the upcoming holiday season in the western countries. "It's a perfect time for buyers and sellers to take maximum benefit of this VBSM platform and help the industry recover to its pre-COVID-19 level soon," he added.


TRENDING

OPINION / BLOG / INTERVIEW

Uganda COVID-19 response: Was off to a good start but reopening dwindled prospects

Uganda has shown success in using health information to enhance efficiency of disease surveillance, reporting and monitoring. The success, however, has critical challenges confronting it as the country resumes normal activities....

New farm bills in India: Focusing on farms or farmers?

... ...

Kenya’s COVID-19 response: Chaos amid lack of information

Confusing numbers and scanty information on how effective curfews and lockdowns have been in breaking transmission have amplified coordination and planning challenges in Kenyas response to COVID-19. Without accurate data, it is impossible t...

Farkhad Akhmedov: Calculating the price of impunity from the law

In insistences such as the battle over the Luna, Akhmedov has resorted to extreme legal machinations to subvert the High Courts decision and keep his assets from being seized. ...

Videos

Latest News

Greece to shut most bars, restaurants in country for month from Tuesday

Greece will expand a night-time curfew on movement and shut restaurants and bars in the most populous areas of the country for one month to contain a resurgence in COVID-19 cases, the prime minister said on Saturday.The country has reported...

Cong leader Kamal Nath moves SC against EC taking away his 'star campaigner' status in MP bypolls, says lawyer Vivek Tankha.

Cong leader Kamal Nath moves SC against EC taking away his star campaigner status in MP bypolls, says lawyer Vivek Tankha....

Indonesia reports 3,143 new COVID-19 cases

Jakarta Indonesia, October 31 ANIXinhua Confirmed COVID-19 cases in Indonesia rose by 3,143 within one day to 410,088, with the death toll adding by 87 to 13,869, the Health Ministry said on Saturday. According to the Ministry, 3,506 more p...

Pak issues new travel advisory amid surge in COVID-19 cases globally

Authorities in Pakistan have issued a new travel advisory, reducing from 30 to 22 the number of countries from where passengers will be allowed to enter without a coronavirus test following a surge in COVID-19 cases globally. The latest tra...

Give Feedback