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GJEPC announces BDCs in U.S., Canada and South America

05 june 2014

The Gem & Jewellery Export Promotion Council (GJEPC) of India announced, at a Press Conference in Las Vegas on 31/5/2014, a multi-level business development campaign, focused on the U.S., Canadian and South American markets. The campaign will strengthen and expand GJEPC’s business development efforts and build trusted relationships between India’s key jewellery companies  and their counterparts in the above mentioned markets.
Initially, the Council will set up a series of in-depth Business Development Conferences (BDCs), enabling GJEPC to meet colleagues in the Americas personally and discuss issues and find solutions. The groups will next work on developing “best practices” directed towards today’s rapidly changing business landscape. This will be followed by taking steps to create an atmosphere that is continually replenishing for vendor/client relations with face-to-face meetings; and social events designed to create new ideas and promote even stronger business partnerships and personal ties.
Taking the effort forward, the BDCs will let both groups to listen to relevant keynote topics presented for discussions between the global colleagues,  to build  profitable economic bridges and enhance personal relationships. In addition, the Council plans to sponsor additional activities that will bolster this work as the campaign goes forward. 
According to Vipul Shah, Chairman, GJEPC, “We know that the U.S., Canadian and South American markets are important to our Indian gem and jewellery industry. India is one of the leading and preferred sourcing destination for these regions for gems as well as finished jewellery. We look forward to meeting our colleagues from the Americas face-to-face to talk about all aspects of the gem and jewellery trade and how we can work better together for greater success to all.” Incidentally, India’s gem & jewellery exports to USA stood at US$ 4.79 bn in 2013 as compared to US$ 4.03 bn in 2012, indicating an increase year on year from 11% in 2012 to 13% in 2013.
The Council plans to hold several face-to-face business development meetings in Phase One of a three-year-long campaign. Besides these key meetings, the Council will host ancillary events to support campaign activities. According to Shah, the first meeting will be a four-day event called the “2014 Indo/U.S. Business Development Conference” (BDC), to be held in Chicago, Illinois on Sept.5-8, 2014. Here, participants will discuss better ways to work together in all aspects of the gem and jewellery trade, including manufacturing, design, production, gem and jewellery material acquisition and retail marketing.
Shah said, “This September BDC is the first such event to be held in the USA. For us, this is a significant outreach program to the Western Hemisphere, not only looking at our important markets, but including our colleagues, clients and competitors. In today’s world, change is constant, and we hope BDCs, such as the one upcoming in Chicago, and the many supporting activities we have planned, will make sure India’s gem and jewellery industry is tied firmly into the world’s trends, technologies and capabilities.”
“Indian business community is one of the frontrunners in following ethical business practices through various CSR activities they carry out to support social causes including adopting ‘No Child Labour’ Policy. GJEPC, through its strong network and being a responsible KP member, has propagated and ensured that the diamonds utilised in the trade are conflict free”, Mr. Shah added.
Pankaj Parekh, Vice Chairman, GJEPC added, “We are looking forward to developing close business and personal ties with people throughout the Americas. Travelling to our important markets will help us learn more about the people there, and how to strengthen and grow many wide-ranging business interests together.” Parekh also said that the BDC will “share information into the Council’s ‘Buyer/Seller Matching Initiative’, and showcase the beauty, artistry and production values of Indian jewellery.” Parekh added that they expect to see 15 manufacturer-exporters from India with 15 to 20 companies from North America participating at the Chicago event.

Aruna Gaitonde, Rough&Polished correspondent in India