The All India Gem & Jewellery Domestic Council (GJC), the national apex body of the domestic gem and jewellery industry elected Anantha Padmanaban of NAC Jewellers Ltd. as its next Chairman for a two-year term. Shaankar Sen of the Senco Group was elected Vice Chairman. The two were elected through a countrywide independently verified online voting process, which also elected new members to the GJC’s Committee of Administration — the body’s governing board.
Padmanaban has been closely associated with the GJC ever since its inception and has, over the years, come up with and executed innovative programmes for the benefit of the Industry. He was instrumental in addressing many issues that impacted the industry like excise duty, the Goods and Services Tax (GST), custom duty, and the Prevention of Money Laundering Act (PMLA).
The new GJC Chairman stated, “I am grateful to the board and it is an honour to accept the responsibility of steering the national domestic council. We shall work closely with the government and take up various issues facing the industry. In sync with the government’s policies, my first effort will be to transform and energise jewellers across India to bring more synergies within the indigenous industry.”
He added, “ We shall strive to unite the entire industry and work towards achieving the GJC's set goal of ‘One Industry One Voice’. The GJC will strive to inspire many more jewellers and their associations to get more organised so as to project a unified approach to policy changes. We also want to tackle contentious issues such as the banking sector's hesitancy to provide loans to the gem and jewellery sector.”
Incoming Vice Chairman Sen commented, “It is my proud privilege to work for the growth of this pivotal trade organisation and contribute my vision for the development of its member jewellers. There is a need for the industry to become more organised and compliant. The GJC will continue to create better and newer platforms for the industry”.
Outgoing Chairman Nitin Khandelwal stated, “I want to thank the Board for bestowing its trust on me for the last two years through most of the crucial decisions that I have taken for the GJC. Our priority is to be a friend, philosopher and guide to the jewellers of India, who are grappling with diverse issues. In the past couple of years, the GJC has worked as the voice of the gem and jewellery industry by taking up issues with government like GST, PMLA, and hallmarking.”
Also elected to the Committee of Administration were Mohanlal Jain and S. Abdul Nazar from the south region, Nilesh Shobhawat from the west and Kamal Singhania from the east. Shaankar Sen was also elected Zonal Chairman East, Ashish Pethe, Zonal Chairman West and Anantha Padmanaban, Zonal Chairman South. Avinash Gupta and Madan Kothari were elected unopposed to the Committee of Administration as there were no other contenders in their respective zones.
The voting process ran over six days starting from December19 to 24, 2018 and the results were declared on December 26.