Recently Gem & Jewellery Export Promotion Council (GJEPC) witnessed a convergence of minds shaping the future of our industry. The esteemed panel, including industry leaders, Maulik Shah from Almus Risk Consulting, Niraj Shah from IndusInd Bank, Russell Mehta of Rosy Blue India Pvt Ltd, Ashish Mehta from Kantilal Chhotalal and Raj Bahadur Trivedi from SBI, shared invaluable insights on the challenges faced by our sector.
Vipul Shah, Chairman-GJEPC addressed the esteemed audience at the Interactive Session with Bankers organised by the Gem & Jewellery Export Promotion Council. He shared valuable insights on the current landscape of the gems and jewellery industry, highlighting key trends and opportunities on the horizon.
His words of gratitude to our community and partners underscored the vital role they play in fostering growth and resilience in this ever-evolving sector. Together, we look forward to more collaborative efforts and continued success!
Key Takeaways from the discussion are,
1: Industry Resilience: Despite a downturn, the sector shows resilience and adaptability.
2: SBI’s Supportive Approach: Focus on individual assessments, with stable lending practices.
3: Segment Growth: Small diamonds perform well, even as the broader market faces challenges.
4: Optimistic Outlook: Improvement anticipated within 1-2 years.
5: Global Market: Cautious optimism in the US; growth potential in India’s middle class &
6: Credit Support: ECGC may consider GJEPC’s request and raise the credit guarantee limit beyond Rs. 100 crore.
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