DMCC's Executive Chairman Ahmed Bin Sulayem Opens IIJS 2011
Further consolidating Dubai’s position as a gold and precious metals hub, Ahmed Bin Sulayem, Executive Chairman of the Dubai Multi Commodities Centre Authority (DMCC) inaugurated the 28th India International Jewellery Show (IIJS). Held at the Bombay Exhibition Centre, Mumbai, India, and organised by the Gem & Jewellery Export Promotion Council (GJEPC), IIJS is considered India’s official platform for showcasing the country’s jewellery manufacturing capabilities. Providing direct access to one of the largest jewellery market in the world, India, it is also one of the most important events for Middle Eastern jewellers.
Commenting on the event, Ahmed Bin Sulayem said: “It is an honour to be present here today amongst fellow international jewellery leaders in one of the industry’s most important and significant events. The strong historical relationship between the UAE and India, which spans many levels and many generations, has resulted in a significant increase in bilateral trade volume over the past few years. This point is underscored as both countries are each other’s largest non-oil trading partner and India is also Dubai’s leading partner in the gold and diamond trade. These volumes are a testament of the continuous cooperation between GJEPC and DMCC.”
IIJS 2011 showcased the jewellery designs and manufacturing capabilities of UAE jewellers participating in the Dubai Pavilion organised by the Dubai Gold & Jewellery Group (DGJG). IIJS 2011 was awarded with the ‘India Show’ status by the Ministry of Commerce & Industry, Government of India. This prestigious accolade is primarily in recognition of the growing stature of IIJS as India’s largest international jewellery show with world-class standards with an increasing overseas presence.
DMCC’s ties with India go back to July 2003, when the first Indian firm was registered in the Jumeirah Lakes Towers (JLT) free zone, the fastest growing free zone in the UAE, which is licensed by DMCC. Today, the free zone has 654 commodity and non-commodity Indian member companies out of the 3,000+ member companies registered.