Indian Diamond Organisation GJEPC Elects New Leadership

World News
15/01/2018 14:17

The Gem & Jewellery Export Promotion Council has announced that Pramod Kumar Agarwal has been elected as Chairman and Colin Shah as Vice Chairman of GJEPC for the period from 2018 to 2020. Both have been working in the industry for a number of decades, and have held various positions of responsibility in GJEPC committees over the years. The new Chairman Pramod Kumar Agarwal said, “I am committed to developing a favorable environment for the gem & jewellery trade and business during my tenure. We will give special emphasis to working closely with the government and the trade to develop a definitive and stable tax regime for the diamond industry through presumptive taxation. Reduction in GST rates for cut and polished diamonds and withdrawal of GST on the supply of gold & silver for export orders are some of the other key issues we will focus on.”

Agarwal also said that he would explore new resources for rough diamonds and coloured gemstones to streamline supply and continue the generic promotion campaigns for diamonds and jewellery. “It would be my sincere effort to work closely with the industry and the government to bring in reforms that would provide Indian industry with a competitive edge in the world market.” Vice Chairman Colin Shah said, “I believe that to achieve the next level of growth and to be competitive in the world market, the Indian gem and jewellery industry needs a complete transformation. For example, improved infrastructure by setting up Jewellery Parks across the country, modernization of GJEPC’s educational institutes by setting up a Jewellery University, and improving the industry’s image with banks and the government are some key issues. We will work towards bringing in policy reforms that are conducive for the trade and business.”