RAMAT GAN, Israel, January 4, 2010 – The Israel Diamond Institute Group of Companies (IDI) said a Memorandum of Understanding has been signed with the All India Gems & Jewellery Trade Federation (GJF) for cooperation between the two groups.
The MOU was signed at a ceremony in Jaipur by Mr. C. Vinod Hayagriv, Chairman of the All India Gems & Jewellery Trade Federation, and Mr. Eli Avidar, IDI Managing Director.
The MOU states that the two parties share the desire to promote positive relations between the Indian Gems & Jewellers Industry and the Israeli Diamond Industry, and to enhance cooperation between them.
The MOU calls for:
• An examination of joint interests to safeguard the industry;
• An ongoing exchange of information for the benefit of the members of both organizations;
• An annual meeting to examine and plan subjects on the agenda;
• A joint educational effort.
In addition, the parties will determine by mutual consent the level, agenda, time and place of consultations and other forms of cooperation. Moreover both parties will grant each other honorary membership in all functions and events taking place under the auspices of the two organizations.
The All India Gems & Jewellery Trade Federation is a national trade federation for the promotion and growth of trade in gems and jewellery across India. The Federation unites manufacturers, wholesalers, retailers and exporters all over India.
This is the second MOU that IDI has signed with India in the past four weeks. The first MOU was signed in November with the Gem and Jewellery Export Promotion Council of India (GJEPC).