GJEPC Chairman Pramod Agrawal today urged all stakeholders in the gold industry to work together towards reducing the Current Account Deficit (CAD) in the country. He was speaking at the Inaugural Session of the 11th International Gold Summit organised by ASSOCHAM in New Delhi.

Addressing an audience drawn from different sections of the gold industry, Agrawal called for a revamping of the gold monetisation scheme so as to increase the amount of gold mobilised from stocks lying idle with households and institutions, and also said that the government is actively working on the delay in release of pending bonds by nominated agencies, and banks.

Briefly discussing the current scenario in the gold sector within the country and the submission of the Niti Aayog Report on Transforming India's Gold Market, Agrawal highlighted some of the different initiatives taken by the GJEPC to uplift the gold and jewellery sector. These included the setting up of Common Facility Centres to tap jewellery clusters across the country, as well as increasing and strengthening value addition in this sector. He acknowledged the support of the Ministry of Commerce & Industry in these efforts and said that the industry was immensely grateful for this.

The chairman also presented details about the Second edition of India Gold and Jewellery Summit 2018 scheduled to be organised in November by GJEPC with full support of the Ministry of Commerce and Industry.

Pic caption: Pramod Agrawal, Chairman GJEPC addressing the Gold Summit in Delhi