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India's jewellery business has lost its lustre


Total 2 messages Pages | 1
Magadi Raghunath
Diamond processing industry
by Magadi Raghunath on Nov 14, 2018 06:50 PM

We have to sympathaize both with the processors and the Banks. The banks once bitten are now wary to extend loans lest somebody does a Nirav Modi on them. The processors are caught in the pincers of a devaluing Rupee making imports dearer. The Banks could judiciously and quickly evaluate the trusted and tested processors and extend credits rather than paint the entire industry with the same tarred brush.

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Magadi Raghunath
Diamond processing industry
by Magadi Raghunath on Nov 14, 2018 06:50 PM

We have to sympathaize both with the processors and the Banks. The banks once bitten are now wary to extend loans lest somebody does a Nirav Modi on them. The processors are caught in the pincers of a devaluing Rupee making imports dearer. The Banks could judiciously and quickly evaluate the trusted and tested processors and extend credits rather than paint the entire industry with the same tarred brush.

    Forward  |  Report abuse
Total 2 messages Pages: | 1
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