Diamond industry in Gujarat to request a special package Rs.20
Guajarat diamond industry and workers Monday demanded a special package worth Rs.20 billion to help the industry slowing global economy.
Factory owners of the Diamond ‘Association (DFOA) of Banaskantha district and the unemployed workers in Palanpur, Banaskantha district, jointly organized a protest rally here to press for various demands, including free education for their children, special loan for the diamond factory, the monthly unemployment benefits Rs.2500.
The workers also ask for assistance in the bank rate.
DFOA president Amrut Phosi said: ‘Palanpur own approximately 80 percent of the total world diamond trade. ”
Following the global slowdown, and difficult competition from countries such as Sri Lanka, China and Indonesia, have become difficult for the Indian diamond industry.
‘Severe competition has made it difficult to maintain quality and cost’
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