Page 13 - Bullion World Volume 3 Issue 11 November 2023

Bullion World | Volume 3 | Issue 11 | November 2023

imports. India has 44 BIS accredited have not materialized. Most imports
refiners handling Dore imports, have been by manufacturers. The
but the complexities in the import channel’s potential for increased
structure have hindered efficient imports may become apparent once
importation. issues related to the CEPA channel
are resolved, ensuring streamlined
and expedited clearance. , CGR
Metalloy, Hindustan Platinum

Mr Ajay Agarwal, SPMCIL
The Security Printing and Minting
Corporation of India serves a
customer base exclusively in India,
with the highest customer volume for
coins and currency in the country.
SPMCIL has minting operations Mr Gautam Choksi,
in Hyderabad and Nasik. SPMCIL Hindustan Platinum,
produces over 300 different products, In addition to gold, silver and
including prestigious awards like platinum have received government
the Padma Bhushan. Our refining incentives similar to those for gold.
capacity currently stands at 50 metric A 0.65% reduction in catalysts Mr Sadi Ahmad,
tonnes, catering mainly to the India given to importers is one such Sam Precious Metals
Government Mint (IGM). measure. However, the differential UAE has been a jewellery hub since
duty structure must be carefully the 1950s, & recent years have
considered, accounting for demand witnessed significant growth in bullion
factors rather than pre-established trading. Factors contributing to this
rates. growth include strategic location,
excellent connectivity, and favourable
government business policies.
Technological advancements and
a diverse culture further support
business activities.

The thriving gold industry in the UAE
is also attributed to the visionary
efforts of the government in creating
a conducive business environment.
The forward-thinking policies and
regulations have not only attracted
global businesses but have also
fostered innovation and technology
Mr Harshad Ajmera, adoption within the industry. This,
J J Gold House coupled with the rich diversity of
The first Dore shipment to India dates Mr James Jose, CGR Metalloys cultures and expertise present in
back to 2012, and since then, we’ve As of now, significant gold imports the UAE, has propelled the sector's
witnessed substantial growth in Dore growth.
through the CEPA channel to India

13