13th India International Gold Convention on 11-14 Aug 2016 at Jaypee Palace Hotel, Agra. Concluded Successfully...
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Sergey Nenashev
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Editor's Voice
The year 2016 witnessed the decisive role of Government of India on gold sector. Indian government made it very clear that it wants traceability, transparency and accountability (TTA) from stakeholders in gold and jewellery industry. Thus, excise duty was introduced to bring in ‘traceability’ and ‘transparency’, while compulsory hallmarking is pushing for ‘accountability’. Voluntary Disclosure Schemes and Demonetisation drive of the government further pushed the sector towards TTA. Coming on the back of three schemes announced in 2015, namely, Gold Monetisation Scheme, Sovereign Gold Bond Scheme and India Gold Coin Scheme- the 2016 initiatives of government can be criticized as far too many and too soon. Yes, every stakeholder in bullion and jewellery industry has to revalue and recalibrate its business given the new reality. So, it would be a massive transformation. The expected result is a transparent industry that is fully compliant with the regulations.
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Quote from IIGC 2016

I have been associated IIGC from day one and I would like to congratulate the entire team for their hard work. I go to every conference world-over, but the kind of discussions take place here, is never done anywhere. This IIGC platform provides every stakeholder to exchange their problems among them and finding a way towards solving the same. I would like to thank Mr. Srivatsava especially for his hard work as he takes tremendous initiative to represent to government the outcome of the discussions. I do believe conference will continue to improve in coming years with bigger participation.

- Mr Prithviraj Kothari

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