The B20 Surat Meeting will focus on sustainability and economic prosperity.

Shree Ramkrishna Exports Pvt. Ltd. (SRK), a global leader in diamond craftsmanship and exports, was a proud supporter of the B20 (Business 20) Surat Meet, the official G20 interaction platform with the global business community. The Confederation of Indian Industry (CII) hosted the event on July 1, 2023 at Surat, India’s Diamond City.

Since its inception six decades ago, SRK has been known for pioneering achievements in not only diamond crafting, but also environmental practises and humanitarian endeavours. SRK is a proponent of B20 gatherings in India. Extending support to the G20 satisfies the organization’s fundamental values and commitment to establishing a sustainable future where ethics is prioritised, ensuring that all operations carried out by the company have a beneficial influence on society and the environment.

RAISE, which stands for Responsible, Accelerated, Innovative, Sustainable, and Equitable Businesses, is the topic of the B20 India 2023 conversation. Around 200 G20 representatives attended the Surat event, representing industries such as diamonds, textiles, finance, and banking. The event provided an opportunity for business executives to share their thoughts and policy suggestions on a number of business economic issues.

Sarbananda Sonowal, Union Cabinet Minister of Ports, Shipping and Waterways and Ministry of Ayush, and Harsh Sanghavi, State Minister of State for Home, Industries, Transport, Youth, and Sports, were the event’s keynote speakers.

Nippon Life India Asset Management Ltd. was among the other dignitaries in attendance. Sundeep Sikka, Executive Director of Tata Chemicals Ltd. Brand Custodian: Zarir Langrana, Shree Ramkrishna Exports Pvt. Ltd. Natural Diamonds Council Managing Director Shreyans Dholakia Ms. Richa Singh, Executive Vice President of the Gemological Institute of America (GIA) Tom Moses, Managing Director & Head of Edelweiss Financial Services Ltd. Among others, Gopal Agrawal.

During the event, a Round Table Discussion on the ‘Future of the Diamond Industry in India in 2030’ reviewed and addressed the major problems that would influence the trajectory of the diamond industry in India over the next decade. The major stakeholders, which included industry leaders, legislators, and experts, engaged in an in-depth and thorough discussion that yielded useful insights and recommendations. The conclusions of this Round Table Discussion will help determine the proposals and tactics that will influence the diamond industry’s future in India and beyond.

Shreyans Dholakia

“We have gathered here to acknowledge and to embrace the spirit of internationalism and recognise that we are indeed Global citizens. Today, our company Shree Ramkrishna Exports (SRK) stands as a testament to the power of embracing this interconnectedness. We have successfully fostered strong trade relations with 80+ countries across the globe. The diamonds we craft are more than just exquisite pieces; they carry the very essence of our company’s Diamonds are God philosophy”, remarked Shreyans Dholakia during his inaugural keynote speech.

During this B20 meet, the participants visited the Diamond Research and Mercantile City (DREAM City), an upcoming business centre in Surat, and Shree Ramkrishna Exports’ diamond crafting facility ‘SRK Empire’. Notably, this facility is one of the highest-ranking Green buildings in the world, and it, along with the second crafting facility, ‘SRK House,’ will be Net Zero by 2024–a first in the industry as well as in India.

Surat, as a significant commercial and economic centre in South Gujarat and one of the main urban regions in Western India, has a well-established diamond industry, with the city cutting and polishing almost 90% of the world’s diamond supply!

Gujarat is taking the lead in India’s G20 presidency, with a series of significant events set for July. “Among the segments, luxury growth will remain a sweet spot.” Surat will continue to contribute to India’s worldwide export by adding value to its products, with environmental and climate protection being at the heart of human civilization’s existence and continuity. Furthermore, countries like India, which are demographically and in terms of enhanced skill acquisition, are well placed to contribute significantly to global growth; India’s progress will thus be for the greater good,” Shreyans said.

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