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Mr. Rajiv P. Mehta - Director, Dimexon addresses GJEPC Banking Summit 2013.
3rd April, 2013

 

Mr. Rajiv P. Mehta - Director, Dimexon was invited as a key note speaker at the recently held Banking Summit, organised by apex Indian trade body: GJEPC The Gems & Jewellery Export Promotion Council on 3rd April 2013, in Mumbai.

 

“Emerging trends in financing of the Indian Diamond and Jewellery Sector”- was the topic of discussion at this august gathering of industry’s key think tanks.

 

The panelists stressed upon the need for following prudent risk management norms and equal distribution of funds in the industry in order to give that much needed push to the growth of the industry.


Starting with a SWOT analysis of the industry, Mr. Mehta expressed the opinion that while, the industry is mature in terms of growth, it is still nascent when it comes to governance.


“While in reality, the industry is coping up with miserably low margins and changing global consumer trends and preferences, the perceived reality is that the industry is falling prey to low investment and inadequate mechanism to access risk.” ---- says Mr. Rajiv P. Mehta.


Mr. Mehta was of the view that because of typical practises followed by the banks, such as high collateral and mandatory ECGC cover; it appears to the industry that there is a general wave of misunderstanding of the working model of the diamond and jewellery industry in the banking industry.


The highly engaged audience concluded with the thought that prudence lies not only in following the general norms of financing, but also in looking beyond the basic balance sheet of a client.

 

Mr. Rajiv P. Mehta- Director, Dimexon

Mr. Rajiv P. Mehta- Director, Dimexon addressing the audience at the GJEPC Banking Summit 2013.

  

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