On the sidelines of inaugural ceremony of Bombay Bullion Association’s (BBA) corporate office 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 from Bharatiya Janata Party’s (BJP) prime ministerial candidate for India’s elections next year. The BBA is an apex association of the all bullion and jewellery associations in India. Me. Kamboj further said that since the UPA-led government has paralysed the industry policies and the country’s 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, government’s 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 the country and unveiling the corporate office of the Bombay Bullion Association is the new start for us’. He added that “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 India’s 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 which BBA expects to enhance its services. The new corporate office will feature a lounge, conference room, board-room, testing room and many more facilities for its members. The first floor has been re-organized to accommodate a member-cum-buyer’s 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.