Mumbai, India—The Gem & Jewelry Export Promotion Council, the governmental physique that helps the diamond and jewellery commerce in India, has elected a brand new management crew.

Vipul Shah, former vice chairman for the 2020-2022 time period, will step into the position of chairman, succeeding Colin Shah, who completed serving his two-year time period.

Vipul was beforehand the chairman for the 2012-2015 time period, and helped to arrange GJEPC’s first World Diamond Convention, which was attended by Hon. Prime Minister Narendra Modi and Finance Minister Smt. Nirmala Sitharaman. 

He additionally applied the coverage of rotating board members.

“I really feel privileged and energized to return to the position of GJEPC chairman in these thrilling instances,” Vipul mentioned. “There are super alternatives for development forward of us.”

The nation’s gem and jewellery business is in a development part, he mentioned, and set to achieve the federal government’s export goal of $45.7 billion for fiscal 2022-2023.

Kirit Bhansali of Smital Gems was elected to a two-year time period as vice chairman of GJEPC.

“I’m honored to get the chance to serve the business as vice chairman of this nice group constructed with years of toil by my predecessors,” mentioned Bhansali.

“The steadfast authorities help in the direction of infrastructure growth initiatives just like the state-of-the-art Mega CFC in SEEPZ and the upcoming world-class India Jewellery Park Mumbai will nurture an export-friendly ecosystem that underpins the business’s development ambitions.”

The Santacruz Digital Export Processing Zone (SEEPZ) is a particular financial zone in Mumbai that’s at the moment house to 2 new initiatives: the constructing of a mega frequent facility heart to help the design and manufacturing of gem and jewellery merchandise and the development of normal design factories, scheduled to be operational by Might 2023.

Beforehand, Bhansali served on the council because the convener of the awards committee, organizing a number of India Gem & Jewelry Awards. 

He’s at the moment the chairman of the Indian Institute of Gems & Jewelry and India Jewelry Park Mumbai.

As per GJEPC’s guidelines of succession, Bhansali will step in as chairman in 2024.