India, China Promotions a Priority, Says New GJEPC Chairman
October 12, 12
 GJEPC Chairman Vipul Shah |
The focus on the domestic market is driven by the fact that India is the world’s fastest growing economy in purchasing power terms, Shah said.
He said Australia too was a focus market for the Indian industry. Two ‘India Shows’ specifically for gems and jewelry are planned each for Sydney and Melbourne.
The Indian government has accepted GJEPC proposals for the industry and has earmarked $226 million (Rs.11.9 billion) in its 2012-17 economic plan. The proposals include the establishment of a convention center in Mumbai – something long sought by the GJEPC, which hosts the India International Jewellery Show (IIJS) at a venue sorely lacking in space and amenities.