Msrvantage revolutionizing the agriculture sector through digitalisation

MUMBAI, 26 AUGUST, 2022 (TGN): MSRvantage, global consultant for businesses at every stage of digital adoption, helping them accelerating efficiency in the organization is now effectively contributing to digital transformation in the agriculture sector through technologies like track and trace, artificial intelligence (AI) and machine learning (ML), remote sensing, big data, block chain and IoT. These technologies are not only transforming agricultural value chains but also modernizing operations.

Digitalisation has helped in changing various industries like pharmaceuticals, healthcare, financial, crypto, automobile etc. and considering the vast contribution that agriculture is making to economy it is important that the industry undergoes the digital shift. 

Where at one hand technology is playing a vital role in the industry by increasing food safety on the other hand technology like track & trace makes it possible to trace information throughout the food supply chain. Traceability, which is utilised to simplify the creation and deployment of innovations for intelligent farming and index-based agriculture insurance, is created by the blockchain's ability to store and manage data. It represents a significant advance for modern agriculture.

Main objectives of these technologies are food security and sustainability and the ability  to track a variety of information about plants, including seed quality, crop development, and even the path a plant takes after leaving the farm it helps in increasing supply chain transparency and eliminate concerns associated with illegal and unethical operations. They can also make it simpler to trace contamination or other problems.

Mr. Balaji Kandregula, Vice President – MSRvantage, said, “Agriculture has been a major contributory force in any country’s economy and it is now imperative that technology should not only help the industry thrive but also ensure that the food products are safe for the consumer. At MSRvantage we strive to make the agricultural supply chain process transparent and efficient.”

Though there are certain challenges in implementation, yet the initiative has been welcomed with open arms because of its potential that could help the industry make progress and many leading players are adapting to this digital revolution.Ends

As India’s demand for Thailand Gems & Jewellery Sky Rockets, DITP conducted “Let’s Go To Bangkok” Road show for the “67th Bangkok Gems & Jewelry Fair (BGJF)" from 7th – 11th September in Bangkok”

Models displaying an array of Thailand’s Gem & Jewelry to the guests at the announcement

More than 25,000 Visitors & 1,200 Million Bahts of  Revenue is expected from this edition

The Poster of the upcoming “67th Bangkok Gems & Jewelry Fair (BGJF)" was unveiled by His Excellency,Mr Donnawit Poolsawat, Consul General & Ms. Supatra Sawaengsri, Executive Director,Thailand Trade Centre along with Key Indian Jewellery Council members.

MUMBAI, 23 AUGUST, 2022 (TGN): Thailand’s Ministry of Commerce, Department of International Trade Promotion (DITP) with Gem and Jewelry Institute of Thailand (GIT) delegates & Thai Trade Centre, Mumbai, conducted the “Let’s Go To Bangkok Roadshow” for the 67^th Bangkok Gems & Jewelry Fair (BGJF) to be held from 7-11 September 2022 in Bangkok. The event was followed with an exclusive fashion show with models displaying an array of Thailand’s Gem & Jewelry to the visitors, “

India’s Lab Grown Diamond & Jewellery Promotion Council (LGDPC) & DITP also came to an understanding on how both the countries can leverage each other special resources exponentially. LGDJC proposed to export a substantial number of Lab Grown Diamonds Gold, Silver & Rubies to Thailand & in return Thailand will export their ruby, silver & white gold worth the same amount to India. This will further boost the economy & solidify the bilateral trade between both countries

India has been a Key market for Thailand’s G & JS exports, especially the silver jewellery. It has been exponentially growing at the rate of +158.21% from the last year. Both the countries shares unique civilization links going back several millennia. In the recent years both these neighbours have been sharing an excellent multilateral & business relationship in various sectors`

DITP’s recent report states that Thailand’s gems and jewellery exports (excluding gold) have risen to 3,884.21 million USD between January to June 2022, a 40.96% increase from the previous year. Among the main markets like the US, Hong Kong and Germany, the Indian market has generated the highest export value, a total of 149.21% increase from products like diamonds, gemstones, pearls, jewellery, synthetic stones, precious metals & other products clad with precious metals.

 

India has been the top visiting country for the BGJF fair since  many years, both in terms of footfalls & trade volumes. Even for this 67^th edition Indian visitors registration has been on number 1 slot with many more registrations pouring in. BGJF is a very important trade platform especially for Indian exhibitors. Primarily because being neighbors, both the countries share almost similar culture & heritage not only in terms of existence & food habits, but also in terms of fashion and lifestyle. For an Indian buyer or importer this exhibition gives a nearby & readymade platform to access the latest range of designs of gems and jewellery uniquely created by Thailand

BGJF is the biggest Gem and Jewellery Fair not only in Asia, but throughout the globe. DITP has been continuously playing an essential role in promoting Thailand's gems and jewellery industry globally. BGJF 2022 ,which will be held at Impact Challenger Hall, Muang Thong Thani, Bangkok will display more than 800 exhibitors & 1,800 booths. More than 10,000 visitors & 1,200 million bahts of  revenue is expected from this edition. Established players & entrepreneurs from all over the globe will be able to network with manufacturers, buyers, importers ,distributors & exporters from Thailand & worldwide  across all ranges of gems, jewellery, gemstones, Gold,Silver to packaging, equipment, tools & machinery.

 

His Excellency, Mr. Donnawit Poolsawat, Consul-General, Royal Thai Consulate-General, Mumbai said “For Thailand, India holds a particularly special place, both for tourism & trade,& both before and after the pandemic. India has largely contributed to Thailand’s exports in gems and Jewellery products. Like every year, this year too it’s an extreme delight to be amidst all of you & invite you to the 67^th edition of BGJF. Mumbai has always been an epicentre of this country’s Gem & Jewellery sector & like every year we do look forward for maximum number of participation from this City of Dreams”   

 

Ms. Supatra Sawaengsri, Executive Director & Consul, Thai Trade Centre, Mumbai added “ This 67^th edition is very special for us. As it is for the first time that the fair is co-organized by DITP and the Gem and Jewelry Institute of Thailand (GIT). We are very excited to be here today & share with you our  agenda for the next edition. It’s very excited to know that now India’s younger generation has cultivated a strong penchant for Thai’s silver jewellery, and have been wearing it as an attractive accessory to various functions & festivals

 

Rajesh Bajaj, Conveyor, Lab Grown Diamond Jewellery Council added “ On the eve of this road show, we also we also did discussed with DITP on how both the countries can maximise each other’s specialities amongst themselves. We came to a conclusion that with the exchange of our LGDJs and their well-known silver and gems with each other in large quantities, we will be able to help the natives of both the countries sample and cherish each other’s domain expertise to the fullest.

Representatives from leading Trade Organisations of India present at the occasion were: Chief Guest, Mr. Ashish Pethe, Chairman, All India Gem & Jewellery Domestic Council (GJC). Guest Of Honour, Mr Ashok Gajera, Chairman, Western Region Gem and Jewellery Promotion Council,Mr. Mehul Shah,Vice President,Bharat Diamond Bourse,Mr. Surendra Mehta,National Secretary, Indian Bullion Jewellery Association,Mr. Shashikant Shah,Chairman, Lab Grown Diamond & Jewellery Promotion Council- LGDJP,Mr. Sachin Shah & Mr. Rajen Parikh,Honorary Secretary, MDMA,Mr. Rajiv Garg ji, Chairman,GJSCI,Mr. Sanjay Shah,President Jewellers Makers Association,Ms  Reena Shukla,Director, Bajaj Overseas Limited and Heera Zhaveraat Trade Journal.Ends