Diamond industry faces grim future in Surat

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Diamond industry faces grim future in Surat

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Diamond industry faces grim future in Surat

by Ani 1:59 mins

Diamond industry faces grim future in Surat

by Ani 1:59 mins

A large number of daily wage workers stare at a bleak future as the diamond industry in Surat faces its worst crisis as orders have slumped. Surat is known as India's diamond capital but in the recent past more than 15,000 workers have lost their jobs. According to a small diamond unit owner, Kishore Patel the crisis has deepened because of dwindling business. This has led to closure of several small scale units leading to job loss. President of Surat Diamond Association, Jaysukh Gajera said small units, numbering about 300, are finding it difficult to run their business as the profits have dwindled. The industry faced similar situation in 2008 when a large number of diamond units closed down. The unemployed workers have moved a local court in Surat seeking compensation from the diamond units.

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