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India to join Vienna Convention soon

Written by: Staff
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Bangalore, Sep 9: India will soon become a member of the International Convention on Control and Marking of Precious Metals, known as Vienna Convention, shortly, to boost export of gold, Bureau of Indian Standards (BIS) Additional Director General Y P Singh informed today.

Speaking to newspersons here, he said an Indian delegation had attended three meetings of the Vienna Convention and steps were being taken to meet the other requirements to join the Convention.

He said once India became its member, it would automatically facilitate the Indian exporter to access markets in member countries of the Convention without undergoing the testing process. It would also help in a big way in securing the consumer interest in gold trade in the country as well as helping jewellery exports, a major foreign exchange earner.

Mr Singh said the BIS hallmarking scheme involved certification of jeweller through grant of licence and recognition of Assaying and Hallmarking centres as prescribed criteria which was on par with international practices.

UNI

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