GJEPC elects Kirit Bhansali as new chairman, Shaunak Parikh as vice chairman

The Gem and Jewellery Export Promotion Council has named Kirit Bhansali as its new chairman and Shaunak Parikh as its vice chairman following the completion of its 2024 election. The traders’ body also heralded the constitution of new Committee of Administration featuring 21 members and a government nominee director. 

“Our vision is to drive transformative growth for India’s gem and jewellery industry through strategic initiatives, innovative projects, and collaborative efforts,” said the GJEPC‘s new chairman Kirit Bhansali, the GJEPC reported on its website. “From advancing flagship projects like the India Jewellery Park in Mumbai and the Gem Bourse in Jaipur to expanding our global footprint with initiatives like Saudijex in Saudi Arabia and IJEX Dubai, we aim to position India as a global leader in technology, design, and manufacturing. Together, we will strive to achieve the ambitious export target of $100 billion by 2047, aligning with our Hon’ble Prime Minister’s vision of a Viksit Bharat.”

The GJEPC’s Committee of Administration named joint secretary at the government’s Ministry of Commerce and Industry Siddharth Mahajan as the government’s nominee director. Other Committee of Administration members include Ajesh Mehta, Manish Jiwani, Ashish Borda, and Mansukhlal Kothari. 

“I sincerely thank all the industry members for entrusting me with this responsibility and giving me the opportunity to contribute to the growth and success of our remarkable gem and jewellery sector,” said the GJEPC’s new vice president Shaunak Parikh. “This is a crucial time for the industry, and the challenges before us demand bold vision and decisive action. It is imperative to focus on category promotion across all verticals, infrastructure development, skill enhancement, and adopting global standards to ensure our industry remains competitive on the world stage. The council will continue to collaborate closely with the government to shape policies that not only drive growth but also address the pressing concerns of our exporters in an ever-evolving global market.”