Mohit Kamboj and Bombay Bullion Association extend support to Narendra Modi as PM Candidate

Rajnath Singh and Mohit Kamboj at Zaveri Bazar

Mohit Kamboj and Rajnath Singh at BBA

Bombay Bullion Association extends support to Narendra Modi as PM candidature

Mr Mohit Kamboj, President, Bombay Bullion Association says bullion traders quite upset

with the UPA government for its gold import policy

MUMBAI, September 17, 2013: The Bombay Bullion Association, an apex association of the all

bullion and jewellery associations in India, has extended unanimous support to Mr Narendra

Modi as the Bharatiya Janata Partys (BJP) prime ministerial candidate in the 2014 election.

On the sidelines of inaugural ceremony of corporate office of the BBA at the Zaveri Bazaar,

Mr Mohit Kamboj, President of BBA, said that the BBA has extended the support to Mr

Narendra Modi as the prime ministerial candidate since the UPA-led government has

paralysed the industry policies and the countrys economy, at large. The bullion traders in

this country are desperately looking for a change in the Indian political system and Narendra

Modi is the right choice. We wish BJP to come to power and run this country, he added.

Mr Mohit Kamboj said that the UPA government has hiked gold import duty to an extent

that is bullion traders are facing huge losses in business and now openly revolting against

the UPA government. The bullion traders across the country are quite upset with the

UPA government for its gold import policy, which has put livelihood of people in danger,

whether he is a big jeweller, a big bullion trader or a small goldsmith in Mumbai, Surat and

Ahmedabad, he informed.

According to the BBA President, there are over 50 lakh workers associated with the bullion

and gold industry and the industry has been facing brunt of the current policies made by

the UPA government. Since last two years, governments policy is almost to kill bullion and

gold business in India, in order to reduce import bill and subsequently, the whopping current

account deficit (CAD) at the cost of gold business, Mr Mohit Kamboj stressed.

The BBA also unveiled the Target 272 for the 2014 elections at the hands of Mr Rajnath

Singh, President of the BJP. Mr Ashish Shelar, President Mumbai, Bharatiya Janata Party,

Ms Poonam Mahajan, were also present on the occasion.

Mr Rajnath Singh, President of Bharatiya Janata Party said gold is considered as an

auspicious metal. In our country, gold is the purity to start a new beginning and unveiling the

corporate office of the Bombay Bullion Association is the new start for us, he said.

Today, India is the largest market for gold and the demand for gold has tremendously

increased even in the foreign countries, he added.

I am thrilled to launch the 2014 mission to reach the majority on the auspicious occasion,

which is organised by Bombay Bullion Association that is related to gold. Like I said earlier,

gold is a symbolic metal to start new beginning to get more than 272 seats in the 2014

elections and thereby, we form a government whose economic policies will restore Indias

pride globally, Mr Singh stressed.

The entire building has undergone a major change incorporating contemporary interiors

designs and technology with the state-of-the-art facilities. With these new facilities, the BBA

will now be better equipped to service its members and the members will also be benefited.

The new corporate office of the BBA will feature with a lounge, conference room, boardroom, testing room and many more facilities for its members.

The entire first floor has been re-organized to accommodate a member-cum-buyers lounge

with members only access and privileges will provide one-of-the-most comfortable and

secure environments the industry has to offer. It will also update with latest news related

to the industry being relayed live along with the current trading prices of various precious

metals would be relayed in real time.

Photo Caption1:

Shri Rajnath Singh, President, Bharatiya Janata Party opened the corporate office of the

Bombay Bullion Association at Zaveri Bazaar in Mumbai. Also seen are Shri Ashish Shelar,

President Mumbai, Bharatiya Janata Party and Shri Mohit Kamboj, President of Bombay

Bullion Association.

Photo Caption2:

Shri Rajnath Singh, President, Bharatiya Janata Party and Shri Mohit Kamboj, President of

Bombay Bullion Association unveiling the Target 272 mission for 2014 at the opening of the

corporate office of the Bombay Bullion Association at Zaveri Bazaar in Mumbai.

Photo Caption3:

Target 272 mission for the 2014 election was unveiled by Shri Rajnath Singh, President of

Bharatiya Janata Party on the sidelines of opened the corporate office of the Bombay Bullion

Association at Zaveri Bazaar in Mumbai on Saturday.

About BBA:

The Bombay Bullion Association Limited (BBA), an apex association for all bullion and

jewellery associations in India, was established in September 1948. It was founded in

response to the prevailing conditions that warranted an association with a multi-faceted

approach to the problems and challenges faced by the bullion traders in a newly liberated

India.

BBA helps its members and the community, at large, in the promotion and regulation of

Bullion trade. It addresses disputes and arbitrations among dealers, provides a neutral and

correct platform for weighing precious metals acceptable to the trading community. The

BBA interacts with different executive agencies, provides reliable and correct reports of

assaying of precious metals acceptable to the parties involved. Increasingly, it plays a pivotal

role in interacting with all government departments on behalf of bullion traders, dealers

and jewellers in implementation of new policy matters, import export issues and helps in

the economic growth of the country. The Bombay Bullion Association operates from its

headquarters in Mumbai where it carries out a range of activities such as Melting, Assaying,

XRF Spectrometry, Hallmarking, Medallions and Coins, Dharam Kanta (Metal Weighing),

Lockers, Communications etc. to assist the Bullion & Jewellery industry members.

For Further Details Contact

Orion PR & Digital Pvt Ltd

Mayuresh Pawar | +91 8451864464 | mayuresh@orionpr.in

Kunal Gupta | +91 9833391790 | kunal@orionpr.in