Mohit Kamboj has been re-elected as national president of Indian Bullion and Jewellers Association (IBJA) for five-year term ending in 2021. As many as 20 directors were also elected from various categories including bullion merchant, diamond, logistic, NBFC, retailers, manufacturers and nominated agencies.
The sovereign gold bond issued by Govt of India also follows the IBJA gold rate,” the industry body said. IBJA’s yearly event India International Bullion Summit (IIBS) is now the most popular event in the industry. The industry body has been recently in the limelight due to formation of world silver council to set the purity standard for the silver.
IBJA has tied up with Bombay Stock Exchange to start bullion exchange in the country. IBJA has also started skill development initiative and various other CSR activities under Mohit’s Leadership. Presently, the IBJA has 49,000 members across India. It is all set to expand its membership count to one lakh members. And It also has plans to start offices in all the states in the country as well as in Middle east, UK and Africa.