GJEPC announces Banking seminar!
In the GJEPC also announces Banking Symposium. According to Mr Colin Shah, Vice President-GJEPC, “GJEPC will organize Banking Symposium on 11th May 2018 with an objective to address the key challenges faced by the Industry and mitigating risks in securing finance for diamond and jewellery industry.”
Diamond & Jewellery Financing 2018, the symposium is likely to be attended by the key bankers, diamond players & related stake holders for brainstorming on collateral, credit limit, security, stock valuation & general welfare of the trade.
Mr Suresh Prabhu, Union Minister of Commerce and Industry & Civil Aviation of India is likely to be attended as a Chief Guest.
De facto GJEPC is organising such such seminar & symposiums time to time. In the past banking players had taken little strong approach. If I cite past record, CMD- BoB, S. S. Mundra had said: “As of today, there is a huge trust deficit.” And because of huge trust deficit, Erik Jensen, CEO-ABN AMRO Bank says, “Easy access of money has gone”, “Money is scares & times are hard.”
According to banks reasons are, 1: issue of loan defaults, 2: hazy working style, 3: diverting funds & 4: NPA. And remedy is, 1: play with adequate & available capital, 2: maintaining better quality of logbook, 3: No funds diversion & 4: Transparency! One must know, just a financial deficit is enough capable to weak any business-n-commerce activities & to siege-up with many issues!
Even at this proposed Symposium expressions would be almost same from banking fraternity and onus would remain on diamond players to spark-n-shine again!
