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India Diamond Exports: Diamond industry plans to cut bank financing by a third, ET Retail

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. ....

Bhargava Vaidya , Vipul Shah , Kirit Bhansali , Gem Jewellery Export Promotion Council , Nirav Modi , Jewellery Export Promotion Council , Basel Regulation , India Diamond Exports , India Diamond Houses , Gem Amp Jewellery Export Promotion Council , India Diamond Financing , India Diamond Trade ,

India's diamond industry: Diamond industry plans to cut bank financing by 33% this FY

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. ....

Kirit Bhansali , Bhargava Vaidya , Vipul Shah , Gem Jewellery Export Promotion Council , Nirav Modi , Jewellery Export Promotion Council , Basel Regulation , India Rsquos Diamond Industry , Bank Financing , Global Demand , Diamond Industry , Waning Global Demand ,

Diamond industry plans to cut bank financing by a third

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. ....

Vipul Shah , Kirit Bhansali , Bhargava Vaidya , Gem Jewellery Export Promotion Council , Nirav Modi , Jewellery Export Promotion Council , Basel Regulation , India Diamond Houses , Gem Amp Jewellery Export Promotion Council , India Diamond Financing , India Diamond Exports , India Diamond Trade ,

GJEPC's Banker's Meet Connects Diamond Industry and Financiers

This event brought together key players in both sectors to exchange insights, address challenges, and explore opportunities for collaboration ....

Biju Pattanayak , Sabyasachi Ray , Kirit Bhansali , Saunak Parikh , Vipul Shah , Anoop Mehta , Gem Jewellery Export Promotion Council , Jewellery Export Promotion Council , Chairman Vipul Shah , Vice Chairman Kirit Bhansali , Banking Insurance , Taxation Sub Committee Convener Saunak Parikh , Executive Director Sabyasachi , Bharat Diamond Bourse , Executive Vice President , Global Diamond , Jewellery Group , Indusind Bank , Basel Regulation , Banker X27s Meet , Diamond Industry , Financial Stakeholders ,