Suresh Prabhu Calls For Govt-level Agreement For Diamond Imports From Russia - The Financial Express
Prabhu said the government is in talks with various global funds to attract investments, especially in the infrastructure sector. : Commerce and industry minister Suresh Prabhu has pitched for a government-level agreement with Russia to import diamonds in such a way that it does not impact India’s current account deficit. Russia has been a major supplier of rough diamonds and semi-precious stones to India. These stone are cut and polished here before exports. Imports of natural or cultured pearls, precious and semi-precious stones from Russia jumped almost 60% in the last fiscal to $3.95 billion.