Surat diamond traders hope to shine at China's diamond festivalSeptember 8th, 2009 SURAT - Diamond traders in Surat are expecting good business during the upcoming National Gold and Diamond festival week in China. The Indian diamond cutting industry was one of the badly hit sectors due to the global recession.
Small revival of Surat diamond industry brings smile back to workersApril 27th, 2009 SURAT - After a lull, diamond market in Surat was abuzz with activity following slight spurt in demand for high quality diamond. Reportedly, over a hundred thousands of workers had lost their jobs following the recent recessionary trends.
German team to study crisis in Gujarat diamond industryMarch 17th, 2009 SURAT - A German university has sent a team of faculty members and students to Gujarat to help the struggling diamond industry find a solution to its woes. The team of 28 students, three researchers and faculty members from the Martin Luther University of Halle-Wittenberg has arrived here Sunday.
Rs.10-mn assistance for jobless diamond workers' childrenMarch 17th, 2009 SURAT - Two diamond industry associations in Gujarat Tuesday came forward with Rs.10-million (Rs.1 crore) education assistance for the children of jobless diamond workers in the state. The Surat Diamond Association (SDA) said it would spend Rs.7.5 million for nearly 16,500 students in 140 schools in Surat.
'Treat diamond workers in Gujarat at par with Tatas'March 2nd, 2009 AHMEDABAD - The downturn-hit diamond workers in Gujarat should be given financial aid at par with the concessions offered to the Tata Group for its Nano car project, a breakaway faction of the ruling Bharatiya Janata Party (BJP) said Sunday. The Mahagujarat Janata Party (MJP) - formed by some rebels of the Gujarat unit of the BJP - criticised Chief Minister Narendra Modi for his alleged apathy towards the recession-hit diamond workers in the state.
Modi criticises Rahul, Congress says BJP is anti-peopleFebruary 22nd, 2009 SURAT/NEW DELHI - Gujarat Chief Minister Narendra Modi Saturday criticised Congress leader Rahul Gandhi, asking him not to comment on the state's economic initiatives. The Congress responded by saying that Modi's Bharatiya Janata Party (BJP) was pro-corporate and had little concern for masses.
Modi targets Rahul, Congress terms BJP anti-peopleFebruary 22nd, 2009 SURAT/NEW DELHI - Gujarat Chief Minister Narendra Modi Saturday urged Congress leader Rahul Gandhi to refrain from commenting on the state's economic initiatives but the Congress retorted by terming Modi's Bharatiya Janata Party (BJP) pro-corporate, saying it had little concern for the masses. 'Some people come from Delhi and give us advice on the Tata Nano project without full information,' Modi said in Surat.
Diamond workers from north Gujarat threaten to boycott pollsFebruary 16th, 2009 PALANPUR - Workers of diamond polishing units from north Gujarat, who lost their jobs due to the global financial meltdown, have threatened to boycott the Lok Sabha elections to protest government apathy towards their plight. 'We are firm on boycotting the Lok Sabha elections.
Gujarat's distressed diamond workers now mull selling organsFebruary 15th, 2009 AHMEDABAD - Hit hard by the economic meltdown, over 200,000 diamond workers in Gujrat's Banaskantha district are living hand to mouth, having sold all their valuables and some are considering selling their organs in desperation, the head of the diamond workers union Monday said. Over the weekend, two jobless diamond workers committed suicide in the district headquarters Palanpur, said Ashok Purohit, president of the Banaskantha Diamond Mazdoor Union.
Gujarat asks Reserve Bank for state-specific credit policyFebruary 11th, 2009 GANDHINAGAR - Gujarat Chief Minister Narendra Modi Thursday called for state-specific funding programmes and special packages for the state's ailing industries, including the diamond processing sector. Modi made the observations during a meeting with Reserve Bank of India (RBI) Governor D.
Gujarat diamond units form new state-level forumJanuary 18th, 2009 AHMEDABAD - Owners of diamond cutting and processing units across Gujarat Monday floated a new organisation to represent them in a more unified manner and put greater pressure on the central government to heed them. So far, the Surat Diamond Association was the representative group of diamond cutters, traders and polishers, taking up issues such as mass employment and closure of units.
Modi seeks central help to revive diamond industryJanuary 5th, 2009 GANDHINAGAR - Gujarat Chief Minister Narendra Modi Tuesday urged Prime Minister Manmohan Singh to announce a 'relief package' for the diamond industry, which was hit hard by the slowdown. In the representation to the prime minister, Modi said the state's diamond industry had made great contributions in terms of revenue income to the Indian government by exporting polished diamonds.
Modi's moves fail to revive diamond polishing unitsDecember 31st, 2008 SURAT - Gujarat Chief Minister Narendra Modi's Dec 26 assurance that diamond workers' livelihood would be secured has not instilled confidence among them. Not all closed diamond polishing units have resumed operations, and eight workers have committed suicide in less than a week since then.
Modi neglected diamond industry, says CongressDecember 25th, 2008 AHMEDABAD - The Congress party Friday accused Gujarat Chief Minister Narendra Modi of not taking enough measures to help the crisis-stricken diamond industry of the state. For four months the workers of diamond units were on the street crying for succour.
Take slowdown as opportunity: Modi to jewellery sectorDecember 25th, 2008 SURAT - India's $50-billion gems and jewellery industry should take the advantage of the global economic slowdown to build a strong overseas market by offering products at 'cost-effective' prices, said Gujarat Chief Minister Narendra Modi here Friday. 'I have decided to take global recession as an opportunity.
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