9th International
Gold Summit & Excellence Awards
Creation of India Fix in Next Five Years

29 September, 2016, Shangri-La`s Eros Hotel, New Delhi

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    Summit Partner    
     World Gold Council    
  Partner Exchange Co Sponsor Associate Sponsor   
   MCX  Nirmal Bang  Senco Gold & Diamonds  
Chief Guest: Shri Arjun Ram Meghwal, Hon’ble Union Minister of State for Finance and Corporate Affairs

Gold is an integral part of Indian society and a foundation of wealth and savings in India. India accounts for nearly one-third of the total world demand for Gold. The Gems and Jewellery sector plays a significant role in the Indian economy, contributing around 6-7 per cent of the country’s GDP. Based on its potential for growth and value addition, the Government of India has declared the Gems and Jewellery sector as a focus area for export promotion. India is deemed to be the hub of the global jewellery market because of its low costs and availability of high-skilled labour. The overall gross exports of Gems & Jewellery in FY 2014-15 was US$ 39.9 billion (Rs 2, 43,886 crore), which reflected a growth of 0.43 per cent in Rs term over FY2013-14. The jewellery market in India is expected to grow at a Compound Annual Growth Rate (CAGR) of 15.95 per cent over the period 2014-2019.
At more than 21,000 tonnes, Indian households hold the largest stock of gold in the world. The World Gold Council estimates the annual consumer demand for gold in India will be around 900-1000 tonnes in 2016. The country currently has one of the highest saving rates in the world, estimated at around 30% of total income, of which 10% already invested in gold. The Govt. of India has launched the Gold Monetisation Scheme, Sovereign Gold Bond Scheme and implemented hallmarking scheme to protect the consumer in purchasing gold jewellery of requisite purity, develop export competitiveness and make India a leading market for gold jewellery in the world. India can be “A Global Player in Gold Market”. However, for India to become a world trading superpower there is a need for greater involvement of trade and industry with the Government. The summit assumes greater significance in view of government’s vigorous policy effort to turn “Make in India” into a reality.
Therefore, in order to discuss these aspects further with the objective of spreading better understanding of the Gold Industry as an appropriate investment avenue for wealth creation and also to address major issues of Gold industry, ASSOCHAM is organizing 9th International Gold Summit & Excellence Awards at 9:30 a.m. on September 29, 2016 at Shangri-La's Eros Hotel, in New Delhi. We have invited Shri Arjun Ram Meghwal, Hon’ble Union Minister of State for Finance & Corporate Affairs and other important government functionaries from concerned departments to address the participants.There will be a large participation by the stakeholders including the Government, Reserve Bank of India, National and International Bullion Banks, Bullion Associations, Commodity Exchanges, Security Agencies and Investors to name a few. Apart from information sharing, the event would also provide an excellent platform for business-to-business matchmaking.
In view of the importance of the subject, we would request you to kindly Participate in this important Summit and also nominate your colleagues to attend the same. We would also request your organization to be the PARTNER / SPONSOR for the Summit as per details enclosed for your kind reference. We hope and trust that our request will merit your kind consideration.