National News
India-Armenia Business Forum To Explore Trade, Investment, and Collaboration
GJEPC, in collaboration with the Embassy of India in Armenia, successfully organised the India-Armenia Business Forum on Gems & Jewellery on 20 March 2026. Held in a hybrid format, the forum brought together leading Indian exporters and prominent Armenian companies to explore trade, investment, and collaboration opportunities.
Opening the session, H.E. Ms Nilakshi Saha Sinha, Ambassador of India to Armenia, highlighted the strong potential for bilateral cooperation in the gems and jewellery sector. She noted that Armenia has identified the sector as a priority for development and emphasised India’s global leadership in manufacturing, polishing, and exports. She also pointed out that 100% foreign direct investment is permitted under the automatic route in India’s gem & jewellery sector, encouraging Armenian companies to consider establishing manufacturing bases in India.
The Chief Guest, Arevik Margaryan, Head of the Department of Strategic Sector at Armenia’s Ministry of Economy, underscored Armenia’s investor-friendly policies. She highlighted tariff advantages for exports to key markets such as the United States and Russia, along with fiscal incentives and interest financing schemes for manufacturers operating in Armenia.
Adding industry perspective, Raffi Semerdjian, Secretary General of the International Chamber of Commerce (ICC) National Committee, Armenia, spoke about the country’s deep-rooted craftsmanship tradition. He noted the global presence of Armenian jewellers and the strength of its diaspora across major markets, which could serve as a bridge for expanding bilateral trade.
A detailed presentation by Sabyasachi Ray, Executive Director, GJEPC, outlined India’s capabilities, trade data, and opportunities for collaboration across diamonds, gold jewellery, gemstones, and manufacturing. He also highlighted GJEPC’s global initiatives and export promotion platforms.
The forum featured business introductions from both sides. Indian participants included Mital Doshi of Sparkel Diamonds, Yogendra Garg of Derewala Industries Ltd, and Ashish Borda of Anjali Diam, while Armenian companies such as Matrix LLC showcased their expertise in coloured gemstones and jewellery trade.
During discussions, stakeholders addressed the recent decline in bilateral G&J trade in FY 2024-25. Industry representatives cited banking constraints, falling global diamond prices, and customs-related challenges as key factors affecting trade flows. Both sides acknowledged these issues and expressed willingness to work collaboratively towards solutions.
Looking ahead, GJEPC invited Armenian participants to attend the 5th International Gems & Jewellery Show (IGJS) scheduled in Jaipur from 9-11 April 2026. The Embassy of India also proposed exchanging detailed company profiles to facilitate further engagement.
The forum concluded on a positive note, with both countries reaffirming their commitment to strengthening ties in the gems and jewellery sector through increased trade, investment, and industry collaboration.
National News
MMTC-PAMP Relaunches Digital Gold & Silver Offering, Democratizing Access To Precious Metals Investment
MMTC-PAMP Strengthens Its Digital Investment Platform With Secure, Accessible And Transparent Gold And Silver Offerings Starting At Rs 10
MMTC-PAMP, India’s only London Bullion Market Association (LBMA) Good Delivery gold and silver refiner, has relaunched its digital gold and silver offering, strengthening the company’s position for investors and customers seeking a convenient, transparent and secure way to invest in the purest gold at 24K, as well as purest silver, both at 999.9+ purity.
Catering to the evolving consumer preferences, particularly among young and first-time investors, who are increasingly adopting digital avenues for gold and silver investment, this digital platform provides all the benefits to consumers, with a value-addition of transparency, 24×7 accessibility, assured purity and an entry point gold and silver investment going as low as Rs 10.
Commenting on the relaunch of the digital offering, Samit Guha, Managing Director & CEO, MMTC-PAMP said, “Digital gold and silver is increasingly becoming a preferred mode of purchase in the precious metals industry, particularly among young and first-time investors who value accessibility, flexibility and transparency. With this relaunch, our focus is to maintain the trust of physical gold and silver with the convenience of digital platforms. Every investment is backed by the purest silver and gold, stored in insured, secured, bank-grade vaults, enabling consumers to participate in precious metals investment with confidence, while retaining the option of liquidity or physical redemption based on their needs.”
MMTC-PAMP’s digital gold and silver service enables customers to invest in precious metals starting as low as Rs 10, where every unit purchased is backed by physical gold and silver of the same amount, which is stored in secured, fully insured, bank-grade vaults. The offering combines ease of access with the assurance of purity and ownership, with holdings maintained in the customer’s name and regularly audited by an independent third-party auditor.
Consumers can buy, sell, gift or redeem their investment seamlessly. The platform allows users to redeem their holdings at the real-time market prices with direct bank transfers or convert their digital balance into physical gold and silver in the form of minted coins and bars. Additionally, digital gold and silver can be purchased directly on MMTC-PAMP’s website or Android app, or through a partner transacting platform like Paytm, Google Pay, PhonePe, among others.
Digital gold and silver continue to gain traction as a preferred investment option due to its flexibility, liquidity and accessibility. It allows a democratic entry to secure financial future with the precious metals’ inherent value as a safe haven asset, eliminates storage concerns, and offers a practical entry point for small-ticket investors.
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