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Published
Aug 26, 2022
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GJEPC launches first ever SEZ Gem and Jewellery Conclave in Mumbai

Published
Aug 26, 2022

The Gem and Jewellery Export Promotion Council held its first ever Special Economic Zone Gems and Jewellery Conclave - Vision 2025 in Mumbai to discuss exports, technology, and the future. 

At the conclave - GJEPC India- Facebook


The conclave took place on August 23, the GJEPC announced on its website. Inaugurated by dignitaries includingI.A.S., Zonal Development Commissioner for SEEPZ,Mumbai Shyam Jagannathan, the event discussed the future of India’s jewellery sector. 
 
“The DESH Act, which is presently going through the consultation phases of the parliamentary committee, will be critical to the SEZ ecosystem,” said Jagannathan, the GJEPC reported. “The Act will also address the issue of Domestic Tariff Areas, ensure global competitiveness by reducing the cost inputs in terms of manufacturing, and leverage the ease of doing business in a closer conjunct with state government entities. I’m thankful to the GJEPC for organising the timely conclave because the distilled inputs from this platform will surely ensure that it will be a game-changer for the industry.”

Jagannathan stated that the industry has the potential to reach a value of $100 billion in the coming two years. Sessions held during the conclave included ‘Exports Enhancement Strategy - $15 billion in next three years’ and ‘Technology, Skilling and Branding – Manufacturing for Future and Promote Make in India SEZs’ among others. 
 
“The SEZ Conclave was a great opportunity to understand where we stand as an industry in terms of technology, skilling, capability, etc,” said GJEPC chairman Colin Shah. “I’m certain that the many takeaways from the insightful panel discussions and presentations will ultimately put us on the fast track to the growth of the sector. SEZs currently contribute around 18% (approx $7 billion) to India’s total gem and  jewellery exports. Our goal is to take this to $15 billion in the next three years.”
 

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