Thai Gem and Jewelry Traders Association (TGJTA) is preparing to open its first overseas distribution centre for Thailand gem and jewellery, in Mumbai, next month. The venture is in association with India’s leading real estate company ACKRUTI.

The project will be set up over 200 sq. mtrs. at ACKRUTI City Emerald commercial complex in Mumbai, according to Mr. Somchai Phornchindarak, Vice President of TGJTA and Bangkok Gem and Jewellery fair CEO. It is planned to open on December 1, 2010.

India stands as the sixth largest importer of gem and jewellery worth US$275 million from Thailand and also the largest diamond exporter to Thailand. The centre is proposed to better trade relations between the two countries and will include Thai suppliers stocking ‘ready for distribution’ stock.

The opening ceremony of the Thai Gem & Jewelry Traders Association Distribution Centre will be jointly presided over by H.E. Mrs. Porntiva Nakasai, Minister of Commerce, Royal Thai Government. It will be attended by distinguished guests from Thailand including Mrs. Nuntawan Sakuntanaga, Thailand Department of Export Promotion Director General, Mr. Boonyong Assarasakorn, TGJTA Chairman of Advisory Board. Mr. Vichai Assarasakorn, TGJTA President, Mr. Atul Jogani, TGJTA Vice President and Mr. Somchai Phornchindarak.