Friday, October 13, 2023

GEM AND JEWELLERY EXPORT PROMOTION COUNCIL

 GEM AND JEWELLERY EXPORT PROMOTION COUNCIL

Record-breaking 500+ International Buyers at 3rd Edition of GJEPC’s International Gem & Jewellery Show in Dubai 

National, 11th October 2023: The Gem & Jewellery Export Promotion Council (GJEPC), the apex trade organization dedicated to promoting Indian gem and jewellery exports worldwide, presented the highly anticipated 3rd edition of the International Gem & Jewellery Show (IGJS) in Dubai. The show is supported by the Ministry of Commerce and Industry, Government of India, and the Embassy of India in UAE. Additionally, it is supported by Dubai Gold and Jewellery Group, while Suntech is the co-sponsor, and Sequel serves as the logistics partner.

 This premier event is set to captivate audiences from October 10th to 12th, 2023, at the Intercontinental Festival City Dubai. A record-breaking 500 buyers from 32 different countries are expected to attend the IGJS show this year.

IGJS Dubai has 45 exhibitors featuring an impressive array of product categories, including Diamond & Gemstones Studded Jewellery and Gold Jewellery. With over 50 booths to explore, attendees can expect a diverse and luxurious selection of jewellery creations. This curated exhibition has a global focus and is dedicated to offering top-quality Indian jewellery exclusively to international buyers.

 The inauguration ceremony was attended by Mr. Tawhid Abdullah, chairman of Dubai Gold & Jewellery Group; Mr. Kirit Bhansali, Vice Chairman, GJEPC; Mr. Nilesh Kothari, Convener, International Exhibitions, GJEPC; Mr. Milan Chokshi, Co-convener, International Exhibitions, GJEPC; Mr. Nirav Bhansali, Convener, National Exhibitions, GJEPC; Mr. Ramesh Vora, GJEPC International Coordinator; and Mr. Sabyasachi Ray, ED, GJEPC amongst others.

 Mr. Tawhid Abdullah, Chairman, Dubai Gold and Jewellery Group, said, “We are happy to host GJEPC’s International Gem & Jewellery Show as it is a good way to promote Dubai as a destination and well as help the international trade to congregate at this beautiful venue. We are proud of the increase in bilateral gem & jewellery trade after the signing of the India-UAE CEPA. It’s a win-win situation. However, we encourage GJEPC to host larger exhibitions and invite more and diverse set of jewellers from different parts of India to join the Dubai show. GJEPC adopts best-in-class practices in trade shows and we would like to adopt the same in our shows. This mutual exchange of ideas will nurture closer ties and strengthen bonds between India and Dubai.”   

 Mr. Vipul Shah, Chairman, GJEPC, said, "Middle East has been a significant market for the Indian gem and jewellery industry. Also, Dubai being a distribution center, serves as a hub for jewellery trade across GCC, CIS, Far East, and some parts of Europe, which adds to its strategic importance and influence in the global jewellery ecosystem. The gem and jewellery trade between India and UAE has grown, particularly following the India-UAE CEPA agreement. UAE imports a total of $10.48 billion worth of jewellery from around the world, and a significant portion, approximately 30% is sourced from India, amounting to approximately $3.12 billion.”

 Mr. Kirit Bhansali, Vice Chairman, GJEPC said, "As the apex body of gem and jewellery trade in India, GJEPC is spearheading several export-led initiatives in our endeavor to take Indian jewels to the world. India today is the preferred sourcing destination for Gems and jewellery, and the presence of more than 500 international buyers at IGJS Dubai establishes India's significance as a favoured jewellery supplier worldwide. And I am happy to see that the India Jewellery Exposition Centre (IJEX) in Dubai has facilitated trade worth $3.3 million so far."

Mr. Nilesh Kothari, Convener of the International Exhibition at GJEPC, commented, "IGJS 2023, now in its third year, has firmly established itself as a cornerstone event in GJEPC's annual calendar. This platform is exclusively dedicated to showcasing Indian jewellery to international buyers, underscoring its significance. It is evident that this show will continue to be instrumental in the years ahead, reinforcing India's prominent standing in the global gem and jewellery industry. In addition to this, as a trade facilitator appointed by the Government of India to create a resilient and business-friendly environment, GJEPC actively engages in promotional activities like Buyer-Seller Meets, India Global Connect, India Pavilions, and IGJS Dubai, among others.

 Over 500 buyers from 32 different countries are attending the event. These countries include Algeria, Azerbaijan, Bahrain, Bangladesh, Belarus, Belgium, Bolivia, Brazil, Canada, Dominican Republic, Egypt, France, Iran, Jordan, Kazakhstan, Kuwait, Lebanon, Malaysia, Oman, Palestine, Qatar, Russian Federation, Saudi Arabia, South Arabia, South Africa, Spain, Sri Lanka, UAE, UK, Uruguay, USA, and Uzbekistan.

 The buyers' profile is equally diverse, with wholesalers, retailers, importers, and exporters representing all sectors of the jewellery industry worldwide. This dynamic mix of attendees ensures that IGJS Dubai is the perfect platform for networking, discovering new trends, and conducting business in the global jewellery marketplace.

 As part of council’s commitment to strengthening trade relations with the UAE, GJEPC established the India Jewellery Exposition (IJEX) center in Dubai. IJEX serves as a dedicated B2B platform, providing GJEPC members with the opportunity to exhibit their products and secure orders in the UAE market throughout the year. It is estimated that IJEX has facilitated trade worth $3.3 million so far. I urge all members to take advantage of this establishment by GJEPC in Dubai and accelerate their businesses.


-

No comments:

Post a Comment

GIVE REVIEW ABOUT OUR UPDATE OR REQUEST

Subscribe to: Post Comments (Atom)

Adroit Industries (India) Limited IPO Opens on Wednesday, September 23, 2026 Total Offer Size- Up to 1,12,47, 000 Equity Shares of face value of ₹10 each Fresh Issue Size - Up to 98,97,000 Equity Shares OFS size - Up to 13,50,000 Equity Shares Total Size - ₹ 150.71 Crore (At Upper Price Band) Price Band - ₹ 126 - ₹ 134 per share Lot Size – 111 Equity Shares Mumbai, September 21, 2026 - Adroit Industries (India) Limited is a vertically integrated manufacturer of propeller shafts and torque-transmission components with over four decades of operational experience, serving automotive, primarily commercial vehicles, and non-automotive applications, including defence and emergency services, heavy equipment and off-highway machinery and industrial equipment across more than 32 countries, proposes to open its Initial Public Offering on Wednesday, September 23, 2026 aiming to raise ₹ 150.71 Crores (At Upper Price Band), with shares to be listed on the BSE & NSE. The offer size is up to 1,12,47,000 Equity Shares with a face value of ₹10 each with a price band of ₹126 - ₹134 Per Share. Equity Share Allocation QIB Portion – Not more than 50.00% of the Offer Non-Institutional Investors - Not less than 15.00% of the Offer Retail Individual Investors - Not less than 35.00% of the Offer The net proceeds from the IPO will be utilized for funding capital expenditure by the company towards procurement of machinery and equipment for enhancement of operations at the Dewas Facility and transportation vehicles for movement of goods between the manufacturing facilities, investment in its subsidiary Adroit Driveshafts Private Limited for capital expenditure towards machinery and equipment at the Pithampur Facility and transportation vehicles for movement of goods between the manufacturing facilities, investment in the subsidiary for repayment or pre-payment, in full or in part, of certain outstanding borrowings availed by it, and general corporate purposes. The anchor bidding is on Tuesday, September 22, 2026. The offer will open on Wednesday, September 23, 2026 and will close on Friday, September 25, 2026. The Book Running Lead Manager to the Offer is Choice Capital Advisors Private Limited and the Registrar is Bigshare Services Private Limited. Mr. Saurabh Sangla, Chairman and Managing Director of Adroit Industries (India) Limited “expressed, The upcoming IPO marks a new phase for the Company. Over the years we have built vertically integrated capabilities spanning forging, precision machining, heat treatment, assembly, balancing and testing, and expanded our portfolio to over 5,000 SKUs of driveline components supplied to customers in more than 32 countries. Going forward, our focus will be on strengthening capacity across our manufacturing facilities, improving operational efficiency, deepening engagement with the Distributors, OEMs and Tier-1 customers across our export and domestic markets and broadening our automotive and non-automotive applications. The IPO will support our plans as we continue to strengthen the business and pursue long-term growth.” Mr. Ratiraj Tibrewal, Director of Choice Capital Advisors Private Limited said, “Adroit Industries (India) Limited has built an export-led driveline business over four decades, with vertically integrated manufacturing and a diversified customer base across automotive and non-automotive applications. The upcoming IPO marks an important step in the Company’s journey as it enters the public markets. We believe the Company’s integrated manufacturing capabilities, long-standing customer relationships and expanding product portfolio provide a foundation for its next phase of growth. We are pleased to be associated with Adroit Industries (India) Limited as it takes this step towards becoming a publicly listed company.” About Adroit Industries (India) Limited Adroit Industries (India) Limited is a vertically integrated manufacturer and supplier of propeller shafts – also known as drive shafts or cardan shafts – and related torque-transmission components. Its portfolio spans over 5,000 SKUs of driveline components, including propeller shaft assemblies, yokes, shafts, companion flanges, universal joints and accessories, supplied to automotive applications, largely commercial vehicles and SUVs, and to non-automotive applications spanning defence and emergency services, heavy equipment and off-highway machinery and industrial equipment. The Company operates three manufacturing facilities in Madhya Pradesh – Dewas Facility i.e for die making and forging processes, Pithampur Facility for machining and assembly, operated by its subsidiary Adroit Driveshafts Private Limited, and Sanwer Road Facility for certain finishing operations– with end-to-end in-house capabilities covering forging, precision machining, heat treatment, assembly, balancing and testing. The facility is certified under IATF 16949, ISO 9001, ISO 14001 and ISO 45001. With operations commencing in 1966, the Company has evolved into an export-led driveline components manufacturer, with 95.39% of Fiscal 2026 product sales derived from outside India across more than 32 countries, supported by a Canadian subsidiary for North American customer engagement, and serving 185 customers in Fiscal 2026 through distributors, Tier-1 driveline component suppliers and OEMs. In FY26, The Company achieved a Revenue from operations of ₹1,399.43 million, EBITDA of ₹387.10 million & PAT of ₹261.58 million. Disclaimer: Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

Adroit Industries (India) Limited IPO Opens on Wednesday, September 23, 2026 Total Offer Size- Up to 1,12,47, 000 Equity Shares of face valu...