GJEPC Announces Pramod Kumar Agarwal is New Chairman

(IDEX Online) – The election results for the Chairmanship and Vice Chairmanship of GJEPC was announced today. Pramod Kumar Agarwal has been elected as the Chairman and Colin Shah has been elected as the Vice Chairman of GJEPC for the period of 2018 to 2020.

Thanking the industry and GJPEC members for electing him, the new GJEPC Chairman said, “It is my proud privilege to be nominated and elected as Chairman of the very dynamic GJEPC. I am committed to bringing in a favorable environment for the Indian gem and jewelry trade and business in the next two years. My special emphasis would be on facilitating a definitive and stable taxation for diamonds through presumptive taxation. Others would include reduction in GST rates for cut and polished diamonds and withdrawal of GST on the supply of gold and silver for export purposes. I would also work towards exploring new resources for rough diamond and colored gemstones while streamlining the existing supply. I strongly believe that generic diamond and diamond jewellery promotion is a must for the industry to attain growth. It would be my sincere effort to work closely with the industry and the government to bring in reforms that would provide the Indian gem and jewelry industry with a competitive edge in the world market.”

“Currently, the industry is at a critical juncture, where it needs to be more organized and transparent in terms of doing business which would help it to achieve a more dynamic role in our economy. MSME sector of this industry has contributed immensely for the success of this industry, and it would be our responsibility to facilitate better infrastructure and affordable access to latest technology and enhance production in terms of quality and quantity at that level,” he added.

Vice Chairman Shri Colin Shah said, “First of all I would like to thank our industry members for giving me this opportunity to serve you. I believe that to achieve the next level of growth and to be competitive in the world market, the Indian gem and jewelry industry needs a complete transformation. For example, improved infrastructure by setting up jewelry parks across the country, modernize GJEPC education institutes by setting up a jewelry university and improving the industry’s image with banks and the government. I will work towards bringing in policy reforms that are conducive for the trade and business.”