Surat Diamond Association brings SOLUTION in to combat 'Bankruptcies' - Tv9 Gujarati

Surat: The practice of declaring 'uthamana' (bankruptcy) and closure by several diamond cutting and polishing units have put into peril the industry. But now the Surat Diamond Association has swung into action. The Surat Diamond Association has asked traders to use promissory note during business transactions and deals. Till now, the traders were transacting business worth crores of rupees exclusively based on mutual trust and confidence and with minimal paper work.

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