Union finance minister Nirmala Sitharaman in her price range speech on Wednesday introduced a five-year analysis grant for one of many Indian Institutes of Expertise (IITs) to encourage the indigenous manufacturing of lab-grown diamonds (LGD), and a discount in customs responsibility on the seeds and machines used to supply these treasured commodities.
In an unique dialog with CNBC-TV18, Shashikant Dalichand Shah, Chairman, Lab Grown Diamond & Jewelry Promotion Council, speaks on Funds increase for lab-grown diamonds. Hear in.
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