National News
GJEPC leadership meets Hon’ble Finance Minister to discuss industry growth and key issues
The leadership of the GJEPC met with the Hon’ble Finance Minister, Smt. Nirmala Sitharaman, to discuss pressing issues and the way forward for the gem and jewellery industry. Kirit Bhansali, Chairman, GJEPC, and Shaunak Parekh, Vice Chairman, GJEPC, along with Sabyasachi Ray, Executive Director, GJEPC, engaged in a courtesy meeting with the Hon’ble Minister, highlighting key challenges faced by the industry.
The discussions focused on the inclusion of India Jewellery Park, Mumbai in the harmonised infrastructure list to accelerate industry growth. The leadership also extended an invitation to the Hon’ble Minister to visit the Indian Institute of Gems & Jewellery (IIGJ) Udupi, showcasing the industry’s commitment to skill development and employment generation.
National News
FGLOC to host inaugural Gold Summit in Kochi
Will bring together key industry stakeholders to chart the future roadmap for the gold-loan sector and unlock the potential of gold as a financial asset
The Federation of Gold Loan Companies (FGLOC) will host its inaugural Gold Summit in Kochi on November 17, 2026, bringing together key industry stakeholders to chart the future roadmap for the gold-loan sector and unlock the potential of gold as a financial asset.
The summit aims to strengthen the operational capabilities of gold-loan companies, equipping them to scale efficiently and responsibly. Core discussions will address shared industry challenges while emphasizing corporate governance, regulatory compliance, and sustainable business practices.
Bringing together prominent voices from across the financial ecosystem, the event will examine the evolving role of gold in modern finance, emerging market opportunities, and strategies to expand credit access to underserved populations.
Key areas of deliberation include:
- Policy and regulatory developments
- Responsible lending and consumer protection
- Corporate governance and transparency
- Technological advancements and sustainable growth
Prominent industry leaders scheduled to participate include George Alexander Muthoot, Executive Vice-Chairman of Muthoot Finance; Thomas John Muthoot, Chairman and Managing Director of Muthoot FinCorp; and V.P. Nandakumar, Chairman and Managing Director of Manappuram Finance.
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