Page 26 - Diamond Digest :: May June 2023

jobworkpolicyforSEZ,arobustjobworkpolicy, billtoshiptofacilityformanufacturersinSEZ whichwillseemoreforeignjewellerymanufacturing companies invest in India. I would urge the GovernmenttointroduceanFDIpolicyforthesector so that firms which are investing in Vietnam or Combodia can also look at India as a destination.”
Talking about Jewellery Park that is being set up by GJEPC in Mumbai, Shri Kirit Bhansali, Vice Chairman, GJEPC said, “The Jewellery Park in Mumbai will be in line with manufacturing clusters inTukumcuykinTurkey,ShengheninChinaor DMCC in Dubai. The construction will commence very soon to handover the premises to the applicants by 2025-26. We have already got bookings of 166,000 sq. feet of built up space.”
Mr. Sriram Natarajan, Managing Director of GIA India, said, “On behalf of GIA India, I extend our sincere compliments to GJEPC for organising the 49th edition of the India Gems and Jewellery Awards, which celebrates business excellence in the Indian gem and jewellery industry. We are proud to be associated with this prestigious event, which recognises the efforts of the industry players and their contributions. We extend our heartfelt congratulations to Anoop-bhai Mehta for winning the Lifetime Achievement Award, which reflects his invaluable contributions to the industry.”
For the FY 2022-23, the overall gem & jewellery
exportsgrew2.48%toRs.300462.52croresas comparedRs.293193.19croresforthesameperiod previousyear.IntermsofUSdollars,theoverallgem & jewellery exports accounted for US$ 37468.66 millionascomparedUS$39331.71millionforthe same period last year.
Greenlab Diamonds was felicitated by IGJA 2022 for their exceptional growth in the LGD industry. Additionally, Mr. Durgesh Salunkhe, Jt. Commissioner SIB, Mr. Sanjeev Chetule, Dy. Commissioner of Customs, and Mr. Mahendra Rathod,Asst.CommissionerofCustoms,wereall recognized for their contributions to the field.
The GJEPC established the IGJA in 1975 to recognize top gem and jewellery exporters. The selection criteria now factor in export performance, valueaddition,jobcreation,financialyearinvestments in R&D and other considerations.
To keep pace with the changing business landscape, the 49th edition featured new Award categories such as Maximum number of clients, Lab Grown Diamonds, and Innovation in the field of Technology, New business model, service sector, patent, digital, e-commerce.
In addition to recognizing companies that exhibit business excellence and contribution to the promotion of “Brand India,” the GJEPC also awarded Woman Entrepreneur of the Year, and Banks financing the industry.
26 • Diamond Digest • May - June • 2023