Having already undergone several expansions over the last few years, the 12th edition of the IIJS Signature show kicked off in Mumbai today in an even more expanded format. This year’s show features 650 gem and jewellery exhibitors along with 100 machinery exhibitors, all occupying 1,350 booths spread over 36,000 square metres.
Many exhibitors said they have developed new product lines at competitive prices to engage retailers from across the country and parts of the Middle East and Asia who are looking for something fresh to get their sales year going. According to the show management, 18,000 trade visitors are expected over the 4-day show from 55 countries and 325 Indian cities.
Pramod Agarwal, Chairman of the Gem & Jewellery Export Promotion Council (GJEPC), which runs the show, struck an upbeat note at the inauguration, saying the trade show was one of the ways the GJEPC sought to boost business for the Indian gem and jewellery industry.
With chief guest Subodh Agarwal, the Additional Chief Secretary for Industries of the government of Rajasthan state (of which Jaipur is the capital), the GJEPC Chairman said an initiative to set up a coloured gemstone bourse in Jaipur was in the advanced stages of planning.
The Additional Chief Secretary confirmed this when he said that one of his tasks in Mumbai was to study the Bharat Diamond Bourse and take away lessons that would go towards developing an optimum plan for the proposed coloured gemstone bourse.
The GJEPC Chairman also said that his organisation would continue its focus on micro, small and medium enterprises (MSMEs) with the continued expansion of common facility centres that offered design and development services as well as manufacturing technology on hire for small operators. With several already operational in cities around the country, the GJEPC Chairman said some 160 such centres were planned in all around the country.
Pramod Agarwal also said that the GJEPC’s recently-launched national identification initiative for artisans, with the issuance of countrywide ‘Parichay Card’, would go a long way to tracking those who were involved in MSMEs and develop programs that would help solve some of their problems and boost their output overall.