Jun 29, 2020

GJEPC Chairman Colin Shah Shares Vision for Indian G&J Industry in Maiden Podcast

GJEPC Chairman Colin Shah, who assumed office on June 23, recently shared his vision and agenda for the Gems and Jewellery Sector in India during his first address to the trade through a podcast circulated on digital media platforms.

He said that he would focus on what lies ahead, as “The Secret of Change is to focus all your energy not on fighting the old, but on building the new”.

Shah said that one of the key thrust areas would be working with the government to enhance the overall ease of doing business, and to “work on demand creation”. He said that the Council would endeavour to “ensure that all in the pipeline are well versed in going digital”.

Another important task that needed serious attention, according to Shah was “to work on India's image globally as a hub for design and quality and not just economical labour”.

Looking at the needs of each segment within the industry he said that the new committee would “strive to get a turnover tax for reputed miners from the diamond and gemstone sectors” and would “put energy into building a diamond marketplace”.

Shah’s agenda for the gold Jewellery sector highlighted “the need for an effective gold monetisation scheme and mega CFCs to enhance the skill of our workers”.

He said that for there were two sunrise sectors for the Indian industry – “plain silver jewellery and lab grown diamonds”.

The final point in his address was the need to “make sure that our labs and institutes are amongst the best globally and are recognised globally”.

Summing up the thrust he would strive to give to the industry, Shah said, “Difficult roads often lead to beautiful destinations. Let’s all come together to make India the world's No 1 destination for gems and jewellery.”