IIJS Signature's $4.2bn Boost to Industry
January 08, 24
(IDEX Online) - The IIJS Signature show is set to generate $4.2bn of business, an increase of $500m on last year.
Organizers say 30,000 visitors are attending the five-day, two-venue event in Mumbai which ends tomorrow (9 January).
Shri Nirav Bhansali, convener of national exhibitions for GJEPC (Gem & Jewellery Export Promotion Council) said: "As the first show of the year, IIJS Signature plays a crucial role in gauging demand from both domestic and global buyers.
"The IIJS Signature show alone is set to enable a staggering Rs. 35,000 crore ($4.2bn) worth of business. When considering the collective impact of all three IIJS shows, the total business generated will amount to an impressive Rs. 1.25 lakh crore ($15bn).
"Following a phenomenal festive season that witnessed double-digit sales growth for retailers, this platform gives buyers an opportunity to stock up inventory for the weeding and festivities placed in the first half of the year."
Last year's IIJS Signature booked orders worth Rs. 30,000 crore ($3,675,750,000). In 2022 the show was cancelled because of Covid concerns.
The current 16th IIJS Signature has attracted buyers from 800 Indian cities and 60 countries. The show boasts over 1,500 exhibitors and 3,000 stalls.
File pic of IIJS Signature