Vipul Shah, chairman of the GJEPC, said: "It is not the prerogative of 50 diamantaires to decide whether to move their offices from Mumbai to Surat and campaign for it by others, without reaching a broader consensus on the issue in the industry. On this issue, all GJEPC members should be consulted, and then the Council can work out a solution to this problem. " Vipul Shah also added that "Mumbai is the financial center of India and a gateway to trade and business. With regard to the production and trade of diamonds, the relevant industry is located in Surat. A committee of 30 people can not decide the fate of an industry worth $ 43 billion. " According to him, none of the mentioned diamantaires contacted GJEPC about the proposed diamond exchange in Surat.
Sunday, April 15, 2018
The India Gem and Jewelery Export Promotion Council (GJEPC), the supreme body of the jewelry industry of India, criticized the initiative of a number of diamantaires in Surat to transfer their activities from Mumbai to the proposed Surat Diamond Bourse , SDA).
Vipul Shah, chairman of the GJEPC, said: "It is not the prerogative of 50 diamantaires to decide whether to move their offices from Mumbai to Surat and campaign for it by others, without reaching a broader consensus on the issue in the industry. On this issue, all GJEPC members should be consulted, and then the Council can work out a solution to this problem. " Vipul Shah also added that "Mumbai is the financial center of India and a gateway to trade and business. With regard to the production and trade of diamonds, the relevant industry is located in Surat. A committee of 30 people can not decide the fate of an industry worth $ 43 billion. " According to him, none of the mentioned diamantaires contacted GJEPC about the proposed diamond exchange in Surat.
Vipul Shah, chairman of the GJEPC, said: "It is not the prerogative of 50 diamantaires to decide whether to move their offices from Mumbai to Surat and campaign for it by others, without reaching a broader consensus on the issue in the industry. On this issue, all GJEPC members should be consulted, and then the Council can work out a solution to this problem. " Vipul Shah also added that "Mumbai is the financial center of India and a gateway to trade and business. With regard to the production and trade of diamonds, the relevant industry is located in Surat. A committee of 30 people can not decide the fate of an industry worth $ 43 billion. " According to him, none of the mentioned diamantaires contacted GJEPC about the proposed diamond exchange in Surat.
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