Surat's diamond industry starts operations with reduced workforce

Nilesh Bodke, who is associated with the diamond industry said that this sector is resilient and will overcome the impact of Covid-19 lockdown in 2-3 months

diamonds
The market in Mumbai has not started operating yet, which makes it difficult for the industry in Surat to function.
ANI
2 min read Last Updated : May 20 2020 | 9:46 AM IST

After government gave relaxation for opening the industries while taking necessary precautions during the fourth phase of lockdown, the diamond industry in the city opened on Tuesday.

However, the industries are operating with a reduced workforce. Nilesh Bodke, who is associated with the diamond industry said that this sector is resilient and will overcome the impact of Covid-19 lockdown in 2-3 months.

"The diamond market opened today, after the announcement of the state government, but it will take at least 2-3 months for the industry to start its functions normally. Majority of the labourers who work in these industries have returned back to their villages and will not come back in the near future. On the other hand, the monsoon season is about to start and these labourers will most probably return after ploughing their land in the villages," Bodke told ANI.

"The market in Mumbai has not started operating yet, which makes it difficult for the industry in Surat to function. There are no options to export or import the diamonds and hence the industry cannot function normally in the given scenario," he added.

However, Bodke expressed hope that the situation would improve gradually.

"The situation will improve in the future. The workers in the diamond industry are very hard-working and do not shy away from putting more than 12 hours if required," he said.

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Topics :LockdownDiamond industrySurat

Next Story