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Indian Jewelry Sector to Grow

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International Appeal of Indian Jewellery
Indian Jewelry Sector to Grow
07 th Jul 2011
To capture a share of the USD 16.3 billion global market, Indian Fashion Jewellery & Accessories sector is ready to take a step forward with the fourth-edition of Indian Fashion Jewellery & Accessories Show (IFJAS), organized by the Export Promotion Council for Handicrafts (EPCH) will begin in Greater Noida on Friday. Minister of State for Textiles Panabaaka Lakshmi will inaugurate the three-day-long mega B2B (business-to-business) show. More than 200 manufacturers and exporters from all over the country will be showcasing the widest range of category-specific products to woo the foreign buyers to source their requirements under single roof. IFJAS 2011 will provide a global platform for the Fashion Jewellery & Accessories sector to make a dent into the 16.3-billion-dollar world market and increase India’s share in this segment which is negligible at present. Mainly focusing on fashion products like fashion & costume jewellery, fashion accessories & head to toe adornments, IFJAS 2011 will also showcase the widest range of materials, products and designs in five categories comprising of fashion jewellery, semi precious jewellery, fashion accessories, hand bags and fancy & embroidered fashion shoes. Describing it an important part of India’s export basket, Arvind Vadhera, newly- elected Chairman of EPCH, said, “India already exports fashion jewellery and accessories to the tune of Rs. 886 crore, but still its share in the world market is very less and holding of IFJAS is part of Council’s drive to promote and expand horizons of key verticals of the handicrafts sector which has unbound potential to expand further.” The top importing nations for jewellery in the world are USA, Germany, UK, France, Japan, Switzerland, Netherlands, Canada, Belgium, Hong Kong, Australia, Italy and Latin American countries and India is already exporting to these markets, the Chairman added. This mega event is one of its kind of international show dedicated entirely to the jewellery and accessories industry. Featuring of grand display by India’s leading exporters of Fashion Jewellery & Accessories and Bags, the event and will present an opportunity to international buyers to source their requirements from all over India under one roof. Terming the event as a dedicated distinct platform Executive Director, EPCH, Rakesh Kumar said, “IFJAS would give a distinct platform to those specializing in the wide range of fashion products. In a mixed basket fair like IHGF, fashion jewellery & accessories is one of the important categories.” "IFJAS is a focused show for this sector, this would give exhibitors a unique opportunity to display capabilities and fully exploit their business potential," he added.

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