Saturday, April 6, 2024

India Gem & Jewellery Machinery Expo (IGJME) runs concurrently with IIJS Tritiya Bengaluru 2024

 The Gem & Jewellery Export Promotion Council

GJEPC Unveils “Brilliant Bharat” Theme at IIJS Tritiya

IIJS Tritiya: The Gateway to Global Gem and Jewellery Exports!

India Gem & Jewellery Machinery Expo (IGJME) runs concurrently with IIJS Tritiya Bengaluru 2024

GJEPC signs MoU with Karnataka Jewellers Association


 

Bangalore, 5th April 2024: India’s apex trade body, The Gem & Jewellery Export Promotion Council (GJEPC) inaugurated the 2nd edition of the India International Jewellery Show - IIJS Tritiya – in Bangalore (Karnataka) at the Bangalore International Exhibition Centre (BIEC) from 5th to 8th April 2024. India Gem & Jewellery Machinery Expo (IGJME) is running concurrently with IIJS Tritiya Bangalore 2024 for the first time ever to showcase world-class technology in manufacturing powered by digital technology tools and techniques. 

 

GJEPC unveils “Brilliant Bharat” theme for next six India International Jewellery Shows (IIJS). The Brilliant Bharat theme is aimed at rediscovering and celebrating India’s traditions, cultural diversity, and innovative technology to create something truly extraordinary. It also helps to explore the magic of India’s rich heritage, the beauty of our craftsmanship, and the warmth of our people."

 

IIJS Tritiya was hailed as the gateway for ‘Gateway to Global gem & jewellery Exports’ by the distinguished dignitaries during the inauguration. The inaugural was graced by Dr. Selvakumar, IAS, Principal Secretary, Industries and Commerce, Govt. of Karnataka; Dr. B Govindan, Chairman, Bhima Jewellery; Shri Vinod Hayagriv, MD & Director, C. Krishniah Chetty Group; Mr. Vipul Shah, Chairman, GJEPC; Dr. Chetan Kumar Mehta, President, Jewellers Association Bengaluru; Mr. Kirit Bhansali, Vice Chairman, GJEPC; Mr. Nirav Bhansali, Convener-National Exhibitions, GJEPC and Member of Committee of Administration (COA), GJEPC; and Mr. Sabyasachi Ray; ED, GJEPC.


 

Mr. Vipul Shah, Chairman, GJEPC and Dr. Chetan Kumar Mehta, President, Jewellers Association Bengaluru signed an MoU to promote gem & jewellery exports from the State through a series of initiatives to be fronted by GJEPC including the Karnataka Jewellery Park.

 

This year's IIJS Tritiya is bigger, ‘smarter’ and better than last year, featuring over 900 exhibitors and 1,900 stalls across 40,000 square meters. It serves as a vast marketplace, providing invaluable opportunities for industry players to connect, collaborate, and thrive. It has over 15,000 pre-registered visitors from over 500 cities in India and 60 countries, underscoring the event's global significance.

 

Along with showcasing an extensive range of gold jewellery collections that reflect the rich heritage and craftsmanship of India's jewellery industry, a notable addition to this year's exhibition is the India Gem & Jewellery Machinery Expo (IGJME), showcasing the latest innovations and technologies in machinery from both national and international realms.


 

Dr. Selvakumar, IAS, Principal Secretary, Industries and Commerce, Govt. of Karnataka, said, “Karnataka’s gem & jewellery industry sets new benchmarks in entrepreneurship, excellence and innovation through technology. Karnataka’s skilled craftsmen are renowned for creating world famous for exquisite and intricate jewellery such as temple jewellery, antique jewellery and Nakash jewellery among others. IIJS Tritiya is a testament to India’s positioning as a hub for designer jewellery powered by smart technology. IIJS Tritiya reconfirms the industry’s commitment, contribution and collaborative efforts to increase gem & jewellery exports from Karnataka and south India.”

 

Mr. Vipul Shah, Chairman, GJEPC said, "We are a USD 40 billion export industry today, but the scope and potential for further growth is immense, with the ever-increasing demand in the global gem and jewellery market. GJEPC is working closely with Government to secure favorable polices in the upcoming trade pacts for our sector including FTAs with GCC, Canada, UK and EU. Additionally, GJEPC has successfully pursued the government to introduce measures to facilitate ease of doing business in the e-commerce for retail exports of jewellery from the country, enabling Indian sellers to seamlessly deliver their products to global buyers.”


 

Dr. B Govindan, Chairman, Bhima Jewellery, said, “Investing in the jewellery industry not only creates jobs but also contributes significantly to the economy. It's essential for every citizen to recognise its potential and participate in its growth. With proper support and industry knowledge, this sector can thrive, providing employment opportunities and driving economic development."

 

Mr. Vinod Hayagriv, MD & Director, C. Krishniah Chetty Group, said, IIJS Tritiya will soon become the landmark show for the whole of India. The show has not only got bigger, but it's got smarter – similar to Bangalore’s reputation as a smart city. We look forward to a very smart industry in the coming decade. I think $70 billion is a very doable target and with GJEPC being there at the helm, I think we could easily achieve that much earlier than 2030.”


 

Kirit Bhansali, Vice Chairman, GJEPC said, “The Council is focused on empowering MSMEs through initiatives like Common Facility Centres, Mega CFCs, Jewellery Park in Mumbai, Gem Bourse in Jaipur alongside digital platforms for enhanced marketing and sales. These efforts not only contribute to the industry's expansion in the global market but also ensure its alignment with the principles of Viksit Bharat.”

 

Dr. Chetan Kumar Mehta, President, Jewellers Association Bengaluru said, “We pledge unwavering support from the Jewellers Association, Bangalore (JAB), to ensure the industry's continual growth and prosperity. With GJEPC’s commendable efforts and initiatives, our industry is on a path to greater organisation and success. As President of JAB, I extend our full support to GJEPC and all industry stakeholders. Thank you to everyone for joining this celebration, and here's to the success of the second edition of IIJS Tritiya.”


 

Mr. Nirav Bhansali, Convener, National Exhibitions, GJEPC, said, “IIJS is India's leading platform to facilitate gems and jewellery business.  Between 3 shows and 9000 booths IIJS is the gateway for Indian gems and Jewels to the world. IIJS gives opportunities to MSME companies meet customers from across the world.”

 

“IIJS Tritiya has also become smarter, bigger and better than last year. It serves as a vast marketplace, providing invaluable opportunities for industry players to connect, collaborate, and thrive. IIJS Tritiya platform is an opportunity for MSME manufacturers to meet global buyers to reach international markets,” said Mr. Bhansali.

 

IIJS Tritiya offers various features and amenities aimed at enhancing the experience including Innov8 Talks providing insights and perspectives. Furthermore, we have introduced several initiatives to embrace digitalization and sustainability. Features such as digital badges, face recognition processes, and the IIJS App streamline operations while minimizing paper usage. Under the One Earth Initiative for IIJS shows, we have already planted 150,000 trees exceeding expectations,” added Mr. Bhansali.


 

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 8800 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.

Facebook: www.facebook.com/GJEPC
Instagram: www.instagram.com/gjepcindia
Youtube: www.youtube.com/gjepcindia
Twitter: www.twitter.com/GJEPCIndia 

No comments:

Post a Comment

GIVE REVIEW ABOUT OUR UPDATE OR REQUEST

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...