On January 21, 2025, the Department of Commerce, Government of India, introduced the Diamond Imprest Authorization (DIA) Scheme. This initiative is designed to strengthen India’s position in the global diamond trade. The scheme aims to simplify the process of importing and handling diamonds while reducing costs for exporters. It is expected to further establish India as a major player in the international diamond market.
The DIA scheme will officially take effect on April 1, 2025. It marks a significant step forward for India’s diamond industry, with goals to drive growth, generate employment, and enhance global competitiveness. The move is seen as a strategic effort to support exporters and solidify India’s role in the worldwide diamond trade.
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