MUMBAI, November 29, 2013 /PRNewswire/ --
"The gems & jewellery industry is one of the most important and fast growing sectors of the Indian economy. As such, there is a need for a platform that can catalyze networking and growth within the manufacturing, supply, design, machinery, and retail areas of this huge industry. The Mumbai Jewellery & Gem Fair (MJGF) organized by UBM India - the country's largest live media company - has proven to be just what this industry needs. The 3rd edition of the MJGF is being organized from the 27th to 29th November, 2013 at the Bombay Convention & Exhibition Centre, Mumbai.
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The MJGF, organized by UBM India in collaboration with Federation of Indian Chambers of Commerce and Industry (FICCI), was inaugurated by Mr. Mehul Choksi - Chairman, FICCI - Gem & Jewellery Segment & CMD, Gitanjali, Mr. Mohit Khambhoj - President, Bombay Bullion Association, Mr. Haresh Soni - Chairman, GJF, Mr. Manish Jain - Vice Chairman, GJF, Mr. Ashok Minawala - Past Chairman, GJF, Ms. Nirupa Bhatt - MD, GIA India Laboratory, Dr. Arbind Prasad, Director General, FICCI, Mr. Anil Waghadkar - President, MSSM and Mr. Nitin Khandelwal - GJF.
The MJGF serves as the ideal platform for domestic and international exhibitors to showcase their signature designs and products. The 2013 edition of the event caters to leading exhibitors with a larger and more lucrative format that includes special features such as seminars, educational workshops, a networking dinner and a fashion show. The fair conducted a panel discussion on the 'Present scenario and challenges faced by jewellers'. Key panelists included Mr. Nitin Kadam, Committee Member - MSSM, Mr. Nitin Khandelwal, Committee Member - MSSM, Mr. Anil Waghadkar, President - MSSM, Mr. Ajit Pendurkar, Committee Member - MSSM, Mr. Anand Mhapralkar, Committee Member - MSSM and Mr. Dilip Lagu, Secretary - MSSM. The event also had a white paper launch by A.T. Kearney, the first ever release of a research report on the industry.
Mehul Choksi, Chairman - FICCI Gems and Jewellery Committee & CMD, Gitanjali said, "The Gems and Jewellery sector has been playing a very important role in the Indian economy and has been contributing 6% to 7% of the country's GDP, apart from large scale employment generation and foreign exchange earnings. The value created by gems & jewellery sector is as high as the apparel sector and much higher than many other sectors in India. The recent steps taken by the government to restrict import of gold is definitely having a negative impact on Gems & Jewellery sector and we hope that this is only a short term measure and the government quickly removes restrictions on gold consumed for jeweler manufacturing."
MJGF'13 features a Gems and Jewellery Conclave, a focused conference hosted by Federation of Indian Chambers of Commerce and Industry (FICCI) and UBM India. Some of the key speakers for the conclave included Ms. Naina Lal Kidwai, President - FICCI, Mr. Mehul Choksi, Chairman, FICCI Gems And Jewellery Committee & CMD, Gitanjali, Ms. Nirupa Bhatt, MD,GIA India, MCX and Mr. Neelesh Hundekari, Partner & Asia Pacific Head - Luxury, A.T. Kearney.
According to Mr. Joji George, MD, UBM India, "The Indian gems and jewellery industry developed as an unorganized sector, but the past decade has witnessed the emergence of organized players, with government liberalizing gold imports into the country. UBM India's Mumbai Jewellery and Gem fair 2013 presents a right platform and meeting place to network for the gems and jewellery segment and the larger industry needs in order to meet, build synergies, and grow the market further."
The Mumbai Jewellery & Gem Fair 2013 featured participation by Sheetal Manufacturing, Hari Krishna Exports, Kiran Jewels, Laxmi Dia Jewels, Itan Jewels, Sangam Chains, Jai Gulab Dev, Techno Vision Engineering, A & D Instruments, Citizen Scales.
About UBM India:
UBM India is a part of UBM plc which is a leading global business media company. UBM is the platform that brings the world's buyers and sellers together at events, online, and in print, providing them with the information they need to do business successfully. The focus is on serving professional commercial communities, from doctors to game developers, from journalists to jewellery traders, from farmers to pharmacists, around the world. For further details, please visit the UBM India.
Website: www.ubmindia.in
Primary Media Contact: Apurba Biswas, [email protected], 91-97690-51748
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