BVC Logistics launches service unit for bullion at SEEPZ-SEZ in Mumbai

November 3, 2021: The precious cargo logistics player BVC Logistics has expanded its fulfilment centre business with the launch of a state-of-the-art Service Unit within SEEPZ-SEZ in Mumbai.

This BVC service unit offers the trade vaulting and related logistics services for overseas bullion suppliers who supply gold and silver to the jewellery manufacturing units at SEEPZ-SEZ. With this unit, the trade will be able to procure gold & silver for their manufacturing operations in smaller quantities with a shorter transaction time and reduced logistics costs.

Bhavik Chinai, the Group CEO, BVC Logistics, said, “The BVC Service unit allows suppliers of bullion to store and supply small quantities within a few hours at an economical cost. All the over 150 jewellery units at SEEPZ-SEZ will start benefiting from BVC’s facility. This investment of reinforces our focus on making shipping the competitive advantage to our esteemed customers.”

The service unit was inaugurated by Shyam Jagannathan IAS - Zonal Development Commissioner, SEZs – Maharastra, Goa, Diu & Daman along with CPS Chauhan - joint development commissioner, SEEPZ-SEZ, Pravin Chandra - joint development commissioner, SEEPZ-SEZ, Rajeev Pandya - president, SEEPZ-SEZ Gems & Jewellery Manufacturers’ Association & Sabyasachi Ray - executive director, Gems & Jewellery Promotion Council.

Zonal DC spoke about the initiative of PM’s mandate of achieving an export turnover of US$ 400 billion and the jewellery industry is a major stakeholder. And that the SEEPZ administration support for the growth and good of the Units is assured. Trade attendees included Mehul Shah – vice president – Bharat Diamond Bourse, Tapan Shah from Kotak Bank, Shafi Aziz from Union Bank of India, Surendra Kalve from MMTC, Kumar Gaurav from Jewellery Infomedia and a host of other SEEPZ jewellery unit representatives.