A team of Reserve Bank of India (RBI) officials interacted with
merchants here on Tuesday to assess their trade potential and
Thousands of small diamond cutting and polishing units are located in and around Surat.
Reportedly, over a hundred thousands of workers had lost their jobson account of the recessionary trends all over Gujarat.
"The main problem is of liquidity in the diamond sector. Banks should give loans to the diamond industry and especially workers should be given certain amount like 50, 000 to one lakh; a certain amount according to a plan. If there is liquidity, then the business will progress and withstand the trends steadily," said C.P Vanani, President, Surat Diamond Association.
Many workers involved into the diamond industry committed suicide in the past few months on becoming distressed with the stringent conditions of the diamond industry.