Women Entrepreneurs are driving innovation and growth in the gem and jewellery sector: Smt Smriti Zubin Irani

Women Entrepreneurs are driving innovation and growth in the gem and jewellery sector: Smt Smriti Zubin Irani

21st November 2024

The Gem & Jewellery Export Promotion Council (GJEPC) organised a session titled “Empowering Women Entrepreneurs in the Business of Gem & Jewellery Exports” at the Deputy Speaker Hall, Constitution Club of India in New Delhi on 19th November. The event highlighted the critical role of women in driving innovation and growth in the gem and jewellery sector.

Chief Guest and Prominent Attendees

Former Union Minister Smt. Smriti Zubin Irani was the Chief Guest, known for her advocacy for women’s empowerment. Smt. Irani shared her vision for creating a more inclusive and supportive environment for women entrepreneurs in the industry.

Prominent GJEPC members in attendance included Shri Ashok Seth, North Region Chairman; Shri Anil Sankhwal, Convener, Studded Jewellery Panel; Shri Shaunak Parikh, Convener, Banking Insurance & Taxation; Ms. Renu Sharma, Member Studded Jewellery Panel, GJEPC; and Shri Sabyasachi Ray, Executive Director.

Smt. Irani’s Vision for Women Empowerment

Smt. Irani said, “Women in the gem and jewellery industry possess immense potential, and GJEPC is well-positioned to recognise and nurture women’s talent based on their capabilities. From emerging designers targeting export markets to retail entrepreneurs in tiered cities, the industry must implement targeted strategies to nurture talent. Initiatives such as exposure to emerging markets, access to financial resources, and partnerships with business schools can empower women to excel in this sector. By unlocking their potential, we not only uplift individuals but elevate the entire industry.”

Focus on Research and Collaboration

Smt. Irani encouraged the Council to focus on research and data collection to enable targeted interventions that benefit women in the gem and jewellery industry. She emphasized the need for collaboration with academic institutions, such as design and business schools, to attract more women into the sector.

Enhancing Global Competitiveness for Women

She also highlighted the importance of training women to navigate both domestic and international transactions, enhancing their global competitiveness. Smt. Irani underscored the significance of women being well-informed, strategic, and competitive in their entrepreneurial pursuits to thrive in this dynamic industry.

Renu Sharma’s Perspective

Renu Sharma, Member, Studded Jewellery Panel, GJEPC, said, “Women bring unparalleled creativity and strength to the jewellery industry, and empowering them with opportunities and support will unlock the true potential of this vibrant sector.”

GJEPC Initiatives for Women Entrepreneurs

Sabyasachi Ray, Executive Director of GJEPC, briefed the audience on the initiatives undertaken by the Council to empower women entrepreneurs. He highlighted that GJEPC allocates dedicated spaces exclusively for women entrepreneurs and designers at the India International Jewellery Show (IIJS), the world’s second-largest gem and jewellery exhibition.

Additionally, exhibition stalls are provided at discounted rates to companies led exclusively by women entrepreneurs, demonstrating GJEPC’s commitment to fostering inclusivity and opportunities for women in the industry.

Interactive Session with Women Entrepreneurs

The session concluded with an active and engaging interaction between aspiring women entrepreneurs and GJEPC representatives. Participants discussed the challenges they face in exporting gems and jewellery, such as limited access to resources and financial constraints. GJEPC briefed them on various ways to navigate these challenges and assured them of continued support in addressing any future issues, reaffirming its commitment to empowering women in the industry.

About The Gem and Jewellery Export Promotion Council (GJEPC):

The Gem & Jewellery Export Promotion Council (GJEPC), set up by the Ministry of Commerce, Government of India (GoI) in 1966, is one of several Export Promotion Councils (EPCs) launched by the Indian Government, to boost the country’s export thrust, when India’s post-Independence economy began making forays in the international markets.

Since 1998, the GJEPC has been granted autonomous status. The GJEPC is the apex body of the gems & jewellery industry and today represents 10,300+ members in the sector. With headquarters in Mumbai, GJEPC has Regional Offices in New Delhi, Kolkata, Chennai, Surat and Jaipur, all of which are major centres for the industry.

It thus has a wide reach and is able to have a closer interaction with members to serve them in a direct and more meaningful manner. Over the past decades, GJEPC has emerged as one of the most active EPCs and has continuously strived to both expand its reach and depth in its promotional activities as well as widen and increase services to its members.