IIJS Premiere 2021 sparked economic revival with $6.75 billion in business: GJEPC
The Gem and Jewellery Export Promotion Council’s recent edition of India International Jewellery Show Premiere in Bengaluru generated around $6.75 billion (Rs 44,906 crore) of business, sparking economic recovery.
The recently concluded 37th edition of IIJS Premiere, its first edition in Bengaluru, not only generated a high volume of business, it aided local hospitality businesses with many hotels in the area reporting 100% occupancy, the GJEPC reported on its website. The trade show heralded a new phase of economic revival in the fine jewellery industry, thanks to participation from over 1,300 exhibitors and around 21,000 visitors (including over 300 international buyers), according to the GJEPC.
“The success of IIJS Premiere 2021 is a clear indication that the gem and jewellery industry has shrugged off the pandemic’s effects on the sector and the economy at large,” said the GJEPC in a statement.
The GJEPC also thanked the Government of Karnataka for aiding with the management of on-site Covid-19 safety through PCR tests and other measures. The trade show had a coronavirus testing centre, ambulance, and medical team on-site.
“We are delighted that IIJS Premiere has generated an estimated $6.75 billion worth of business,” said GJEPC chairman Colin Shah.
“We are already witnessing a surge in exports and are confident that the industry will achieve the export target of $43.75 billion this year and contribute more than 10% of Honourable Prime Minister Narendra Modi’s target of achieving $400 billion in total merchandise exports."
“IIJS would not have been possible without the unstinted support of the Karnataka State Government to help us organise this show successfully,” said Shah. “An event of this size and scale needed a great venue, and we are glad that the BIEC stepped up to help us organise it.”
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