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India Diamond Exports: India's diamond industry plans to reduce its bank financing requirements by a third, targeting $4 billion for the current fiscal year, down from $6 billion in FY23. This comes amid a slowdown in global demand. Traders are focusing on clearing existing inventory rather than accumulating more, which would necessitate additional borrowing.
India's diamond industry plans to reduce its bank financing needs for the current financial year to $4 billion, down from $6 billion in the previous year, amid a slowdown in global diamond demand. Traders have halted imports of rough diamonds, and they aim to clear existing inventory rather than creating new stocks that would require additional borrowing.
India's diamond industry plans to reduce its bank financing requirements by a third, targeting $4 billion for the current fiscal year, down from $6 billion in FY23. This comes amid a slowdown in global demand. Traders are focusing on clearing existing inventory rather than accumulating more, which would necessitate additional borrowing.
This event brought together key players in both sectors to exchange insights, address challenges, and explore opportunities for collaboration