Former chairman of Gem and Jewellery Exports Council and Jaipur Jewellery Show secretary Rajiv Jain issued a statement about the improving set of circumstances in the gems and jewellery segment. The sector has endured severe plummet in the last few months.
In a press conference conducted on the occasion of the 16th edition of Jaipur Jewellery Show (JJS), Jain took the opportunity to bring to notice the emerging scopes in the market. As this show is the largest business to consumer show and second largest business to business show in India, attracting around 40,000 visitors including buyers from India and abroad, this information reached every prospective businessman and end user.
Jain also called attention to the golden opportunity India has over the Hong Kong crisis. India can
experience huge benefits if it amends the current SEZ (Special Economic Zone) rules. Adhering to which he comments,"Recently Union commerce secretary Anup Wadhawan and representatives of industry had an interaction where Wadhawan was informed that many players from China and Hong Kong are looking to shift their manufacturing base to India.In fact, many Jaipur players have also been receiving calls with queries. Many of us in the Sitapura gem and jewellery special economic zone received queries from Chinese manufacturers who want to relocate their manufacturing facilities to Jaipur. However, the present SEZ laws prohibit any kind of renting or selling out facilities. If this law is amended, it can benefit state government as well as stakeholders."
As per his speech, Wadhawan will be soon looking into the issue about the Chinese entrepreneurs' running facilities and the want to shift in shortest time to avoid any impact on the operations.
Apart from this, there will also be a stall of 'Museum of Gem and Jewellery Federation' in Jaipur. This time JJS will be attended by 100 new participants. It is also known as the 'December show', where products are not only limited to Jaipur but feature merchandise from exhibitors worldwide. The Department of Tourism, government of Rajasthan, has listed the event on their annual calendar for the tourists and visitors. Substantial number of tour operators have come together with their itinerary with this prestigious event which enables the group of both foreign and domestic tourists, to visit the show. This event will call for numerous international participants and visitors will be coming from countries like China, Poland, USA, UK, Bangkok, among others to attend the event.