GJEPC inks MoU with Yes Bank
Endeavour to upkeep Gem & Jewellery industry In a first of its kind collaboration, Yes Bank has signed a MoU with GJEPC to support the gem and jewellery industry. Colin Shah, Chairman, GJEPC and Avinash Chandra, Executive Vice President – Knowledge Banking Unit, Yes Bank singed the MoU in the presence of Ashok Gajera, Regional Chairman, Western region, GJEPC; Manish Jivani, Convener, MSME sub-committee, GJEPC; Sabyasachi Ray, ED, GJEPC; Mayank Rana, Executive Vice President and Zonal Sales Head - Merchant Acquisition, Yes Bank; Abhishek Agarwal, Executive Vice President and Head – Merchant Acquisition, Yes Bank. Colin Shah, Chairman, GJEPC said, “Thank you Yes Bank for reposing faith in the gem and jewellery industry. Your support would be a great relief for trade members in the industry. In the last 18 months, Indian Gem and jewellery industry’s bank debt saw a healthy 26% reduction from $10.44 billion in March 2019 to $7.75 billion in October 2020. The industry has witne