Page 24 - Bullion World Volume 03 Issue 5 may 2023

Bullion World | Volume 3 | Issue 5 | May 2023

Sequel Logistics Awarded the

Prestigious LBMA Membership

Mr Sharad Jobanputra, Founder & Excutive Chairman, Sequel Logistics Pvt Ltd.

What business proposition do • Participation in LBMA
you envisage by becoming an initiatives: The LBMA runs a
LBMA member. range of initiatives, including
As an LBMA affiliate member, Sequel working groups, committees,
Logistics can access and contribute and educational programs.
to LBMA's extensive resources and Members could participate in
expertise, enabling both Sequel and these initiatives and contribute
the fraternity to further strengthen to the development of industry
the capabilities. Becoming a member standards, best practices, and
of the LBMA can bring several regulations.
potential benefits for a business • Increased credibility: The
operating in the precious metals LBMA is a well-respected and
industry. Here are a few business established trade association
propositions that a company could in the precious metals industry. Mr Sharad Jobanputra
envisage by becoming an LBMA A member could enhance
member: its credibility and reputation
in the industry, which could logistics industry for precious metals
• Access to market data: LBMA be valuable in attracting new and jewellery in India includes
members have access to a customers, and partners. transportation, storage, and
range of market data and security services, and has evolved
analysis, including prices, Overall, becoming an LBMA significantly in recent years to meet
supply and demand trends, member could provide a range of the growing demand for these
and industry news. This can potential benefits for a business services.
be valuable information for operating in the precious metals One of the key drivers of growth in
businesses looking to make industry, including access to market the precious metal logistics industry
informed decisions about data, networking opportunities, in India is the increasing demand
their operations, such as participation in industry initiatives, for gold and other precious metals.
pricing strategies, supply and increased credibility. India's love for gold is deeply rooted
chain management, and risk in its culture and traditions, and gold
management. Status of bullion and jewellery is widely seen as a symbol of wealth
• Networking opportunities: As logistics business in India, do and prosperity. The growing middle
an LBMA affiliate member, a you see growth in precious metal class and rising disposable incomes
business would have access logistics services, and what are have led to increased demand for
to a network of other industry the factors driving them? gold and other precious metals for
participants, including banks, The logistics business for bullion personal use and investment, which
traders, refiners, and other and jewellery in India is a significant in turn has created a need for secure
members. This could provide and growing industry, as India and reliable logistics services.
opportunities for collaboration, is the world's second-largest
partnerships, and business consumer of gold and has a large Another factor driving the growth
development. and vibrant jewellery industry. The of the precious metal logistics

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