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IIJS Signature 2023 Launches “ONE EARTH” Initiative For A Greener Planet

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24th November 2022, Mumbai: In a major step towards sustainable development goals, IIJS Signature 2023, scheduled from 5th – 9th January 2023, is launching the “ONE EARTH” initiative in association with SankalpTaru Foundation. This is the first such large-scale pro-environment initiative by a gem & jewellery trade organisation in India. The tree plantation drive is aimed at offsetting carbon emissions generated by IIJS Shows with added benefit of contributing to the livelihood of farmers. 

In 2021, global CO2 emissions grew 4.8%, reaching 34.9 billion tonnes of CO2. The increase in carbon emissions has only added to the climatic change, causing extreme weather conditions like tropical storms, wildfires, severe droughts, and heat waves, negatively affecting crop production and causing disruption to the natural habitats. 

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Vipul Shah, Chairman, GJEPC said, “With the support of IIJS Signature exhibitors, visitors and all partners and associates, we aim to contribute towards the plantation of trees to reduce the carbon footprint generated by the show. This is in line with the assurance of our Hon’ble Prime Minister to become a net zero carbon neutral country by 2070. I request everyone to come forward and join this initiative to make it a grand success.” 

Appealing to the visitors and exhibitors to contribute to the One Earth initiative by IIJS, Nirav Bhansali, Convener, National Exhibitions, GJEPC said, “GJEPC alone as part of shared responsibility would be contributing to plant 5000+ trees towards the “ONE EARTH” initiative which is roughly two trees per stall at IIJS Signature 2023 and pledge to continue the initiative across all IIJS versions across the year. We urge our exhibitors to come forward and voluntarily contribute at least 1% of their booth cost or more. At the same time, I would also request each visitor to also participate in this noble initiative and help plant maximum trees across India.” 

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It will cost just Rs. 155/- for one tree, and the proceeds would directly go to SankalpTaru Foundation. They will, in turn, utilize the fund to generate income for a farmer, enabling him to earn approximately Rs. 10,000 per tree over 20 years. The tree plantation drive will be instrumental in securing the future of lakhs of farmers thus ensuring food security and clean environment in India. Carbon emission is a major issue which needs to be tackled for a sustainable earth and this tree plantation drive will help in contributing to this effort. GJEPC plans to continue such initiatives in all its IIJS shows, which will go a long way in reducing carbon emissions.

Hon’ble Prime Minister Shri Narendra Modi’s vision is to become a net zero carbon neutral country by 2070, and through such initiatives GJEPC will promote responsible environmental practices, reduce carbon footprint, and offer protection against future ecological degradation. Through the initiative, we aim to plant thousands of trees and rebuild the natural ecosystem, increase green cover, and improve water table levels. 

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MCA raises “small company” thresholds – up to ₹10 cr capital & ₹100 cr turnover from 1st December 2025, major relief for jewellery trade

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In a landmark decision that will significantly ease compliance for thousands of jewellery businesses across India, the Ministry of Corporate Affairs (MCA) has revised the definition of “Small Company” under the Companies Act, 2013, effective 1st December 2025.GJC published and sent  out this important update to the jewellery trade.

New Eligibility Criteria (both conditions to be satisfied):

  • Paid-up Share Capital : ≤ Rs.10 Crore (earlier Rs.4 Crore)
  • Annual Turnover : ≤ Rs.100 Crore (earlier Rs.40 Crore) (as per the latest audited financial statements)

Any company exceeding even one of the above limits will cease to be a Small Company.

Key Benefits for Jewellers (Private Limited & Family-Owned Firms):

  • Only 2 Board Meetings required in a year
  • Exemption from mandatory Internal Audit in most cases
  • Substantially lower penalties for defaults
  • Simplified Annual Return via Form MGT-7A
  • No need to prepare Cash Flow Statement in financials
  • Exemption from mandatory Auditor Rotation – continue with existing trusted auditors
  • Reduced overall compliance cost and administrative burden

GJC advised jewellery firms  to immediately review their Paid-up Capital and Turnover for FY 2024-25 to confirm eligibility and start availing the relaxations from the current financial year itself.

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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

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