GJEPC Opens Nomination Entries for The 48th Edition of India Gem & Jewellery Awards (IGJA)

24th May 2022

The Gem & Jewellery Export Promotion Council (GJEPC) is all set to organise the 48th edition of the India Gem and Jewellery Awards (IGJA), the foremost recognition platform for the jewellery sector in India to encourage exports and spur excellence in manufacturing, finance and innovation.

In alignment with the evolving business scenario, the 48th edition includes new Award categories. The four new categories are Upcoming Exporter of the Year, Global Retailer of the Year, Export to Highest Number of International Clients & Importing Countries, and Best E-Commerce platform.

A total of 30 awards in 20 categories will be given away at IGJA 2021.

The GJEPC established the IGJA in 1975 to honour leading exporters of gems and jewellery. The selection criteria now include export performance, value addition, employment generation, and investment in R&D during the financial year among other parameters.

Other than felicitating companies demonstrating business excellence that is helping to strengthen ‘Brand India’, the GJEPC also honours ‘Woman Entrepreneur of the Year’ and Banks financing the industry.

Colin Shah, Chairman, GJEPC said, ‘The IGJA recognise India’s increased export competitiveness in gems and jewellery. The awards tell a story about how Indian companies and individuals navigated through one of the toughest periods and overcame challenges and seized opportunities to expand their global footprint.

‘I thank the Government of India and the Commerce Ministry, in particular, for promoting an export-friendly ecosystem that has supported the industry’s growth ambitions. The newly implemented trade agreements with the UAE and Australia are a game-changer. And in addition to boosting export growth, they will also motivate MSMEs to access overseas markets by creating a favourable business environment.

‘Last year, the gem and jewellery industry contributed a tenth to India’s overall export target of USD 400 billion. I am sure the industry is all set to achieve its new target of USD 45 billion in exports for the year 2022-23.’

Mansukh Kothari, Convener, Events, GJEPC said, ‘The IGJA platform recognises and rewards star performers of the Indian gem and jewellery sector. The awards encourage the MSME sector and honour women achievers in order to inspire many more to excel. IGJA is increasingly attracting wider participation from companies of all sizes, stature, and product categories from across the country. The awards have been divided across the size segments, with outstanding achievers in each being duly recognised.’

The Nominations for the 48th Edition of IGJA are now open and end on June 15th, 2022. GJEPC Members across India are invited to apply for the nominations. E & Y is the knowledge partner on board reviewing and facilitating the process of Awards for this edition.