Monday, August 29, 2005

Outsourcing: India may outsource diamonds from Angola

India is considering the possibility of sourcing rough diamonds from Angola then re-exporting the cut and finished crystal.

The idea is to encourage Indian entrepreneurs to set up cutting and polishing units for diamonds in Angola.

The scheme was announced following a meeting between Union Commerce Minister Kamal Nath and Angolan Deputy Minister of Industry Abrabao Pio Dos Santos Gourgel.