Shaktikana Das, Secretary, Department of Economic Affairs, Ministry of Finance to be the Chief Guest at the 3rd India International Bullion Summit organized by Indian Bullion & Jewellery Association Limited in Mumbai
Mr. Shaktikana Das, Secretary, Department of Economic Affairs, Ministry of Finance will be the Chief Guest at the 3rd India International Bullion Summit organized by Indian Bullion & Jewellery Association Limited (IBJA) at Hotel Sahara Star in Mumbai
Eminent speakers at the one-day Summit include Mr. Rajesh Khosla, MD, MMTC-PAMP India P. Ltd., Mr. P. R. Somsundaram, MD, World Gold Council, India, Ms Manisha Gupta, Editor – Commodities and Currencies, ET NOW and Mr. Surender Kumar Jindal Director, Jindal Group.
Over 1500 delegates from India and from all across the world are expected to participate in the one-day deliberation on important and relevant topics such as Gold Monetization and Gold Bond Scheme-whether success or failure, Refining and Mining opportunity in India, Challenges in online Jewellery Business, Future of ‘Karigars’ in India
Mr. Mohit Kamboj, President of IBJA said “IBJA has been playing an important role in representing the Bullion and Jewellery industry and the Government’s recognition to IBJA’s daily price reflects the trust and faith of the Government in IBJA.”
He further said that IBJA is proud that for the first time in the history of Indian Economy, IBJA’s daily closing prices have been kept as the bench mark price for issue of Gold Bond. IBJA has been declaring opening and closing g prices of gold for the last 67 years and these prices are accepted by all the government departments including customs, excise, income tax etc. Banks are allowed to lend against jewellery only on the basis of prices declared IBJA.
“The Gold Bond shall be redeemed at the prices declared by IBJA. Moreover these bonds tradable in the stock market which clearly means that the daily trading price of the bond is likely to IBJA’s daily price plus accumulated interest” added Mr Mohit Kamboj.
At the Summit, the prestigious “The IBJA Awards 2015” will be announced and presented to honor the winners for their outstanding contributions to the Bullion and Jewellery industry.
The mega event, The IBJA Fashion Show 2015, and India’s renowned jewellers showcasing their exquisite collection which will be adorned by the best Showstoppers from Bollywood will conclude the Summit on the evening.