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Commerce Minister launches the Domestic Council for GJ industry

Domestic Council for GJ industry

A new Gem & Jewellery Domestic Council, an apex body that will bring together all the different segments of the industry within India under a common banner, will oficiallly launched by Suresh Prabhu, Union Minister for Commerce & Industry and Civil Aviation on 29 January in Mumbai.

The launch event took place in the presence of Rupa Dutta, Economic Adviser, Ministry of Commerce & Industry; R Senthilnathan, Joint Secretary, Ministry of Commerce & Industry; Pramod Kumar Agrawal (Convener, National Ad-Hoc Committee, Domestic Council for Gems & Jewellery and Chairman – Gem & Jewellery Export Promotion Council) and all the 14 representatives of different trade bodies that constitute the recently formed Ad-hoc committee of the new Council.

The Ad-hoc Committee comprises representatives of following associations: All India Gems & Jewellery Domestic Council, Mumbai; Association of Gold Refineries and Mints (AGRM), Cochin; Bangiya Swarna Shilpi Samiti, Kolkata; Bharat Diamond Bourse (BDB), Mumbai; Bhartiya Swarnkar Sangh, Jaipur; Gem & Jewellery Export Promotion Council (GJEPC), Mumbai; Imitation Jewellery Manufacturers Association (IJMA), Mumbai; India Bullion and Jewellers Association (IBJA), Mumbai; India Jewellers Forum (IJF), Amritsar; Karnataka Jewellers Federation, Bangalore; Odisha Jewellers Association, Cuttack; Rajkot Gems & Jewellery Association, Rajkot; Tamil Nadu Jewellers Federation (TNJF), Chennai and Uttar Pradesh Sarafa Association, Kanpur.

Speaking at the function, Suresh Prabhu said that “The launch of the Domestic Council for gems & jewellery is a significant step and one amongst a series of several structured reforms undertaken by our Government to make the industry more organised and unified. We have followed a democratic process and given representation to the key jeweller, manufacturer, miner and artisan/ craftsmen associations from different geographies and industry segments.”

He also said that the country’s gold policy will be launched soon and the ministry is pursuing Niti Ayog and consulting stake holders for it.

He stressed on artificial intelligence, internet of things and use of technology to boost the growth. He also underlined the need to connect domestic markets with international markets and expressed confidence that the council will play an important role in it.

In his speech, Pramod Kumar Agrawal said, “We welcome the Government’s decision to form Domestic Council for the Indian gems and jewellery sector. This will help to organise our unorganised and small scale based domestic jewellery industry and help it to scale new heights. As envisaged by the Union Minister, my efforts as the Convener will be to seek consensus in opinion to make this Domestic Council a national body which belongs to all and works to fulfil the aspirations of all small and big associations from across the country. GJEPC is happy to offer all support and guidance in the formation of an inclusive, democratic and self-sustainable Council. It is important for the industry to have one voice, one body. Domestic Council will help create 3 million more jobs and new artisans/ craftsmen in the business.”

The Core Committee comprises the following members: Chairman-Gem & Jewellery Export Promotion Council; Chairman-All India Gems & Jewellery Domestic Council; Chairman-Indian Bullion and Jewellers’ Association Ltd.; Chairman-Bhartiya Swarnkar Sangh, Jaipur; and Chairman-Association of Gold Refineries and Mints, Cochin. The Domestic Council is an inclusive body and would move ahead with the support of all members of this fraternity.

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