The Gem & Jewellery Export Promotion Council (GJEPC) has announced a new leadership team following the 2024 COA elections. Kirit Bhansali takes over as chairman, with Shaunak Parikh as vice-chairman. Together, they are setting an ambitious course to drive transformative growth in India’s gem and jewellery sector.
Vision for Global Dominance
Bhansali outlined a bold strategy, spotlighting flagship projects like the India Jewellery Park in Mumbai and the Gem Bourse in Jaipur, alongside expanding international initiatives such as Saudijex in Saudi Arabia and IJEX Dubai. The council aims to position India as a global hub for jewellery manufacturing and innovation, targeting USD 100 billion in exports by 2047, aligning with India’s Viksit Bharat vision.
Cluster Development & Domestic Growth
To boost exports, GJEPC will nurture 17 key gem and jewellery clusters, transforming them into thriving export hubs. Bhansali emphasized the importance of supporting artisans and advocating for policies that bolster both domestic and international markets.
A Bold Future Under New Leadership
Vice-chairman Parikh stressed the council’s commitment to infrastructure development, skill enhancement, and global competitiveness. He highlighted the need for category promotions and collaboration with the government to address exporters’ challenges in an evolving global market.
Why it matters: With a focus on innovation, policy advocacy, and market expansion, India is positioning itself not only as a leader in jewellery craftsmanship but also as a global powerhouse in exports.
