The Bombay Bullion Association, an association representing bullion traders in India, has extended its unanimous support to Narendra Modi as the prime ministerial candidate for the BJP in the 2014 election. The association's president, Mohit Kamboj, said that bullion traders are upset with the gold import policies of the current UPA government and are looking for a change in government. He added that over 50 lakh workers are associated with the bullion industry, which has faced losses due to UPA policies aimed at reducing gold imports and the current account deficit. At an event launching the association's new corporate office, BJP President Rajnath Singh said the policies of a government led by the BJP would restore India's pride

1. Media Release
Bombay Bullion Association extends support to Narendra Modi as PM candidature
Mr Mohit Kamboj, President, Bombay Bullion Association says bullion traders quite upset
with the UPA government for its gold import policy
MUMBAI, September 17, 2013: The Bombay Bullion Association, an apex association of the all
bullion and jewellery associations in India, has extended unanimous support to Mr Narendra
Modi as the Bharatiya Janata Party’s (BJP) prime ministerial candidate in the 2014 election.
On the sidelines of inaugural ceremony of corporate office of the BBA 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 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 our country, gold is the purity to start a new beginning and unveiling the corporate
office of the Bombay Bullion Association is the new start for us,” he said.
“Today, India is the largest market for gold and the demand for gold has tremendously increased
even in the foreign countries,” he added.
“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 these new facilities, the BBA will now be
better equipped to service its members and the members will also be benefited. The new

2. corporate office of the BBA will feature with a lounge, conference room, board-room, testing
room and many more facilities for its members.
The entire 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.
Photo Caption1:
Shri Rajnath Singh, President, Bharatiya Janata Party opened the corporate office of the Bombay
Bullion Association at Zaveri Bazaar in Mumbai. Also seen are Shri Ashish Shelar, President –
Mumbai, Bharatiya Janata Party and Shri Mohit Kamboj, President of Bombay Bullion Association.
Photo Caption2:
Shri Rajnath Singh, President, Bharatiya Janata Party and Shri Mohit Kamboj, President of
Bombay Bullion Association unveiling the Target 272 mission for 2014 at the opening of the
corporate office of the Bombay Bullion Association at Zaveri Bazaar in Mumbai.
Photo Caption3:
Target 272 mission for the 2014 election was unveiled by Shri Rajnath Singh, President of
Bharatiya Janata Party on the sidelines of opened the corporate office of the Bombay Bullion
Association at Zaveri Bazaar in Mumbai on Saturday.
About BBA:
The Bombay Bullion Association Limited (BBA), an apex association for all bullion and jewellery
associations in India, was established in September 1948. It was founded in response to the
prevailing conditions that warranted an association with a multi-faceted approach to the
problems and challenges faced by the bullion traders in a newly liberated India.
BBA helps its members and the community, at large, in the promotion and regulation of Bullion
trade. It addresses disputes and arbitrations among dealers, provides a neutral and correct
platform for weighing precious metals acceptable to the trading community. The BBA interacts
with different executive agencies, provides reliable and correct reports of assaying of precious
metals acceptable to the parties involved. Increasingly, it plays a pivotal role in interacting with all
government departments on behalf of bullion traders, dealers and jewellers in implementation of
new policy matters, import export issues and helps in the economic growth of the country. The
Bombay Bullion Association operates from its headquarters in Mumbai where it carries out a
range of activities such as Melting, Assaying, XRF Spectrometry, Hallmarking, Medallions and
Coins, Dharam Kanta (Metal Weighing), Lockers, Communications etc. to assist the Bullion &
Jewellery industry members.
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