India Sets up Venezuelan Diamond Bourse - Summer.2001
India’s Diamond and Gem Development Corporation
is in the process of
setting up a diamond bourse in Venezuela to help boost the country’s diamond
mining ventures.
Venezuela is South America’s second largest diamond producer.
The bourse is likely to be set up in the country’s capital, Bolivar.
Among the changes the venture is expected to bring is a taxation system for the
country’s diamond industry and the establishment of a cutting and polishing
center there.
The cooperation between the two countries is part of a larger move on India’s
part to growing contracts and consulting projects in various industries
throughout Latin America. v
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