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Sabyasachi Ray, ED, GJEPC appointed Member of PMAC

The Indian Government has announced the establishment of an independent Precious Metals Advisory Committee (PMAC) at the International Financial Services Centre Authority (IFSCA) to enhance the development of the precious metals’ ecosystem in the Gujarat International Finance Tec-City (GIFT-IFSC) and India’s overall gold economy.

Sabyasachi Ray, Executive Director, of the Gem & Jewellery Export Promotion Council (GJEPC), has been appointed as one of the Members of the PMAC. Somasundaram PR, MD & Regional CEO, World Gold Council, India, is the PMAC Chairman

The PMAC will play a pivotal role in providing insights and recommendations on various aspects of the precious metals’ ecosystem. Its mandate encompasses strategic and operational considerations, product development, processes, and other relevant issues.


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