Page 34 - Bullion World Issue 10 Volume 05 October 2025

Bullion World | Volume 5 | Issue 10 | October 2025 IGC 2025: Where The World Meets India, Day 3 Highlights

Roundtable with the Industry

Mr Lamon Rutten, Managing Director & CEO, IGM (India Gold Metaverse), Mr Ramakrishnan Padmanabhan,
General Manager, International Financial Services Centres Authority (IFSCA), Mr Chirag Thakkar, Director,
Amrapali Industries, Mr Surendra Mehta, National Secretary, India Bullion & Jewellers Association (IBJA),
Mr Sadi Ahmad, Director, AKW Consultants, Mr Rajesh Rokde, Chairman, GJC, Mr Sachin Jain, Regional CEO
– India, World Gold Council, Mr Mohammad Ayyob, General Manager, Sam Precious Metals,
Mr Harshad Ajmera, Director, J J Gold House, Mr Neville Patel, Sr. Vice President, HDFC Bank,
Ms Praveena Rai, MD & CEO, MCX (Online)

India as a globally integrated and competitive hub for bullion trade, manufacturing,
and innovation. Against the backdrop of dynamic international developments and
domestic regulatory reforms, the session fostered open dialogue on supply-demand
imbalances, policy clarity, market modernization, and sustainability-key themes
directing the future course of the gold sector.

Mr Surendra Mehta, National Secretary, India Bullion & Jewellers Association
(IBJA), moderated the vibrant roundtable, setting the context by underscoring
the importance of the India–UAE gold trade corridor and challenges in maximizing
export opportunities back to Dubai despite strong bilateral ties. He emphasized the
need for collaborative problem-solving to address barriers such as TRQ delays, policy
ambiguity, and supply-chain inefficiencies that affect both refiners and jewellers.
The discussion expanded to cover regulatory advancements, digital integration,
ESG compliance, and India’s potential as a global jewellery manufacturing leader.
Through the contributions of key panellists, the session highlighted the importance
of transparent trade practices, technology-driven efficiency, and strategic
coordination between industry and regulators-all necessary steps for India’s gold
market to achieve sustainable growth, enhanced global competitiveness, and
alignment with the nation’s “Viksit Bharat 2047” vision.

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