Gems and Jewellery Export Promotion Council (GJEPC) recently organised a specialised session on bullion imports and gold price hedging strategies using the Indian International Bullion Exchange (IIBX). The event was attended by 35 industry players including jewellers, bullion dealers and TRQ holders.

Leadership and Perspectives

The session was chaired by Mr. Ashok Seth, Regional President, of the Northern Region and Mr. Antar Pal Singh, Regional Committee Member. Mr. Mukesh Sharma, Business Development Manager, North India and Maharashtra, IIBX, gave a detailed overview of the services offered by IIBX, specially designed for qualified jewellers and TRQ holders. The Comprehensive Economic Partnership Agreement (CEPA) between India and the UAE was discussed for its significant benefits including a 1% subsidy on gold exports.

Empowerment and Opportunities

Mr. Sanjeev Bhatia, Regional Director, North India, GJEPC, highlighted the importance of the recent seminar in enabling members to take advantage of the opportunities offered by the Indian International Bullion Exchange (IIBX). The session was designed to deepen the understanding of the participants on how to effectively utilise these resources for better business outcomes.

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