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VIDEO INTRODUCTION:
Diamond Business | Surat – Diamond Metropolis of India | Enterprise Case Examine – Assume College
Surat within the Indian state of Gujarat, generally known as the diamond metropolis of India, is about to open the world’s largest diamond market. The diamond {industry} of India is among the Most worthy industries within the nation, commanding a staggering 93% market share within the diamond mining, diamond chopping, and sprucing market of the world. The Diamond commerce was initially dominated by Jewish diamond sellers in Belgium, however then the Jain group of India revolutionized the {industry} by specializing in small diamonds, which have been largely ignored by the Jewish merchants. Jain merchants created a high-quality, low-cost manufacturing course of in Surat and constructed a strong community for distributing diamonds. This enabled the Jain group to turn out to be a number one pressure within the world diamond {industry}. Furthermore, the Authorities insurance policies and geographical benefits additional bolstered India’s domination of the diamond {industry}, making it an $18.6 billion market using round 800,000 folks.
So, now the query is,
How did the Jains take management of the diamond {industry} of the world???
How did they beat the Jews of Belgium?
What was the enterprise technique that made them so profitable?
What enterprise classes are you able to study from the unimaginable group of Jains??
Let’s discover out the solutions on this video. Additionally do not forget to LIKE this video and SUBSCRIBE to the CHANNEL for extra enterprise case research.
#casestudy #thinkschool #surat
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✅ Examine Supplies:
https://www.naturaldiamonds.com/in/inside-the-world-of-diamonds/surat-the-heart-of-natural-diamnond-cutting-polishing-industry/
https://pib.gov.in/PressReleasePage.aspx?PRID=1911554#:~:textual content=Thepercent20Bharatpercent20Diamondpercent20Boursepercent2Cpercent20is,exportingpercent20USDpercent2023percent20billionpercent20annually.
https://economictimes.indiatimes.com/{industry}/cons-products/fashion-/-cosmetics-/-jewellery/how-palanpuri-jains-captured-global-diamond-trade/articleshow/99238053.cms?from=mdr
https://scroll.in/article/743324/how-indian-families-took-over-the-antwerp-diamond-trade-from-orthodox-jews
https://www.isc.hbs.edu/Paperwork/assets/programs/moc-course-at-harvard/pdf/student-projects/India_percent28Gujaratpercent29_Diamonds_2008.pdf
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