Text of PM's address at the World Diamond Conference

Published By : Admin | December 11, 2014 | 19:12 IST

DC (5)-684

Ladies and Gentlemen,

I am delighted that Delhi is hosting the World Diamond Conference. We are especially pleased that President Putin is here with us today.

He is a leader of India`s key strategic partner and, personally, a great friend of India. In addition, Russia is the source of more than a quarter of the world`s production of diamonds.

DC (7)-684

I understand that this is the first conference of its kind in the world. This is a source of great pride for us.

I want to congratulate and thank Gem and Jewellery Export Promotion Council, the Ministry of Commerce and Industry, and, the World Diamond Mark for organising this event.

India is the natural venue for this conference.

For one, it is generally believed that diamond is India`s gift to the world. More than two thousand years ago, diamond was deeply valued in India. It was even traded with China over the Silk Route.

और अभी पुतिन जी बता रहे थे कि किस प्रकार से भारत का हीरा दुनिया में जगमगा रहा था।

DC2 (11)-684

It was even traded with China over the Silk Route.

Till about the 18th century, India was considered to be the only source of diamond.

Till of course, the world began mining for diamond in Africa. I am delighted that South Africa`s Minister for Mineral Resources is with us today. Thank you, I welcome you here.

Today, India is the world`s largest centre for cutting and polishing diamond and its largest importer of uncut diamond.

Diamond has become a universal symbol of wealth and enduring love. But, in India it is also a great source of jobs for our people. The Gems and Jewellery Sector in India employs nearly 3.5 million people; 1 million of them work in the diamond industry.

यानि अपने आप में Gems and Jewellery जहां पर करीब 35 लाख लोगों को रोजगार मिलता है, और उसमें दस लाख लोग सिर्फ डायमंड के क्षेत्र में काम कर रहे हैं।

India today exports cut and polished diamond worth 20 billion US dollars.

Surat has emerged as the biggest centre in the world for cutting and polishing diamonds.

और इसलिए मैं कभी-कभी कहता हूं जैसे करीब-करीब 30 प्रतिशत डायमंड रशिया देता है और इसलिए मुझे लगता है कि हर डायमंड पर - जब डायमंड यात्रा करता है रशिया से तो हर डायमंड पर रशिया के कदमों के निशान होते हैं। लेकिन जब एक पॉलिश डायमंड निकलता है तो उसके ऊपर इंडिया की उंगली के निशान होते हैं।

It hosts enterprises with some of the most advanced technologies and machinery in the world.

Although the Bharat Diamond Bourse was established in 2010, it has become the world`s largest exchange in the world.

Few in India would be aware that out of ten polished diamond pieces sold globally, nine have been processed in India.

यानि दुनिया का कोई भी व्‍यक्ति अगर हीरे-जवाहरात से सजा हुआ है, तो मान लेना कि दस में से नौ हीरो पर किसी न किसी भारतीय की उंगली लगी हुई है।

The diamonds sparkle in the world because of the skills of Indian workers.

So, we welcome the efforts of this conference and the World Mark Foundation to increase the global market for diamonds.

However, rough diamond in India comes from abroad. And, it mostly comes indirectly through places like Antwerp and Dubai. Of course, Antwerp trade is now run mainly by Indians.

DC (1)-684

While most of rough diamonds from Russia come to India, less than 20% comes directly to India.

We have with us today the head of Russian company Alrosa, which controls most of the production and trade in rough diamonds in Russia. It has direct sales contract with 7 to 8 Indian companies.

I know that there are representatives of many bourses here. But, I will be honest and say that I want major diamond mining companies to sell directly to the Indian diamond industry. It will be good for them and for India.

I have made three proposals to President Putin.

First, I would like Alrosa to have direct long term contracts with more Indian companies. I am pleased to know that they are moving in that direction.

Second, I want Alrosa and others to trade directly on our bourse. We have decided to create a Special Notified Zone, in which major mining companies can import rough diamonds on a consignment basis and re-export unsold ones. This is going to benefit Indian diamond industry and create more jobs for our youth.

Third, I asked President Putin to reform regulations so that Russian jewellery makers can send their rough diamond to India and re-import polished diamond without paying duty.

This will give a boost to our diamond industry. These measures will also boost India-Russia economic ties.

India and Russia have outstanding cooperation in a broad range of areas. We want to focus on transforming our economic relations. We want to make this a key pillar of our relationship.

Our joint partnership - here is an indication of our new approach to expand our economic partnership.

President Putin`s enthusiasm for Russian participation in our Make in India programme will help expand manufacturing and create jobs for our people.

There are many other sectors in India, like the diamond industry, which have huge potential for creating employment and generating exports. Their modernisation and development is a great priority for my Government.

DC2 (1)-684

I am deeply encouraged by the level of international participation. In every sector of business, you will find that India not only offers productive business opportunities, but it is also easy to work in. You will find an environment that is welcoming and responsive.

Thank you all for coming.

एक बात और भी बता दूं - जब मैं ऑस्‍ट्रेलिया में President Putin से मिला था तो उस दिन मैंने, ऐसे चाय पर हम गप्‍पे मार रहे, थे तो मैंने बात निकाली। मैंने उनसे कहा कि आप डायमंड के संबंध में भारत के कारोबार को देखिए। आप सोचिए कि क्‍या हो सकता है। उन्‍होंने कहा, ऐसा करो, आप के इस विषय को जानने वाले व्‍यक्ति को मेरे पास भेज दो और उन्‍होंने अपने वित्‍त मंत्री को इस काम के लिए लगाया। और मैं देख रहा हूं कि हम ऑस्‍ट्रेलिया में मिले और उसके बाद आज मुश्किल से 15 दिन हुए है। लेकिन 15 दिन में इस विषय को उन्‍होंने बहुत आगे बढ़ाया। आज स्‍वयं भी यहां मौजूद रहे, और आज दिनभर भी इस विषय की काफी मेरी बात हुई है। और मैं मानता हूं कि रशिया और भारत डायमंड के क्षेत्र में अगर जुड़ जाए, तो सिर्फ डायमंड चमकेगा ऐसा नहीं, डायमंड पूरी दुनिया को चमकाएगा।

बहुत बहुत धन्‍यवाद।

Explore More
No ifs and buts in anybody's mind about India’s capabilities: PM Modi on 77th Independence Day at Red Fort

Popular Speeches

No ifs and buts in anybody's mind about India’s capabilities: PM Modi on 77th Independence Day at Red Fort
A Leader for a New Era: Modi and the Resurgence of the Indian Dream

Media Coverage

A Leader for a New Era: Modi and the Resurgence of the Indian Dream
NM on the go

Nm on the go

Always be the first to hear from the PM. Get the App Now!
...
Srinagar Viksit Bharat Ambassadors Unite for 'Viksit Bharat, Viksit Kashmir'
April 20, 2024

Srinagar hosted a momentous gathering under the banner of the Viksit Bharat Ambassador or VBA 2024. Held at the prestigious Radisson Collection, the event served as a unique platform, bringing together diverse voices and perspectives to foster the nation's collective advancement towards development.

Graced by the esteemed presence of Union Minister Shri Hardeep Singh Puri as the Chief Guest, the event saw the attendance of over 400 distinguished members of society, representing influencers, industry stalwarts, environmentalists, and young minds, including first-time voters. Presidents of Chambers of Commerce, Federation of Kashmir Industrial Corporation, House Boat Owners Association, and members of the writers' association were also present.

The VBA 2024 meetup began with an interesting panel discussion on Viksit Kashmir, which focused on the symbiotic relationship between industry growth and sustainable development. This was followed by an interactive session by Minister Puri, who engaged with the attendees through an engaging presentation. Another event highlight was the live doodle capture by a local artist of the discussions.

Union Minister Hardeep Singh Puri discussed how India has changed in the last decade. He said India is on track to become one of the world's top three economies, surpassing Germany and Japan soon.

 

"The country is set to surpass Germany and Japan and will become the world's third-largest economy by 2027-28," he said.

 

According to official estimates, India's economy is projected to reach a remarkable $40 trillion by 2040. Presently, the economy stands at approximately $3.5 trillion.

He also stressed that India's progress is incomplete without a developed Kashmir.

 

"Bharat cannot be Viksit without a Viksit Kashmir," he said.

Hardeep Puri reflected on India's economic journey, noting that in the 1700s, India contributed a significant 25% to the global GDP. However, as experts documented, this figure gradually dwindled to a mere 2% by 1947.

 

He highlighted how India, once renowned as the 'sone ki chidiya' (golden bird), lost its economic strength during British colonial rule and continued to struggle even after gaining independence, remaining categorized under the 'Fragile Five' until 2014.

 

Puri emphasized that the true shift in India's economic trajectory commenced under the Modi government. Over the past decade, the nation has ascended from among the top 11 economies to ranking among the top 5 globally.

The Union Minister also encouraged everyone to participate in the Viksit Bharat 2047 mission, emphasizing that achieving this dream requires the active engagement and coordination of all "ambassadors" of change.

He highlighted India's rapid progress in metro network development, stating that the operational metro network spans approximately 950 kilometres. He expressed confidence that within the next 2-3 years, India's metro network will expand to become the second-largest globally, surpassing that of the United States.

 

Regarding Jammu and Kashmir, he mentioned that through the Smart project, over 68 projects totalling Rs 6,800 crores were conceptualized, with Rs 3,200 crores worth of projects already completed.

 

He further stated that Jammu and Kashmir possesses more potential than Switzerland but has faced setbacks due to man-made crises. He emphasized the Modi government's dedication to the comprehensive development of the region.

The minister highlighted a significant government policy shift from women-centred to women-led development. Drawing from his extensive experience as a diplomat spanning 39 years, he shared that when a country transitions to women-led development, there is typically a substantial GDP increase of 20-30%. 

He mentioned that the government is actively pursuing this objective, citing examples such as the Awas Yojana, where houses are registered in the names of women household members, and the implementation of 33% reservation for women in elected bodies as part of this broader mission. 

He also provided insight into the transformative impact of the Modi government's welfare policies on people's lives. He highlighted the Ujjwala Yojana, noting that 32 crore individuals have received LPG cylinders, a significant increase from the 14 crore connections in 2014. Additionally, he mentioned the expansion of the gas pipeline network, which has grown from 14,000 km to over 20,000 km over the past ten years.

The Vision of Viksit Bharat: 140 crore dreams, 1 purpose 

The Viksit Bharat Ambassador movement aims to encourage citizens to take responsibility for contributing to India's development. VBA meet-ups and events are being organized in various parts of the country to achieve this goal. These events provide a platform for participants to engage in constructive discussions, exchange ideas, and explore practical strategies for contributing to the movement.

Join the movement on the NaMo App: https://www.narendramodi.in/ViksitBharatAmbassador

The NaMo App: Bridging the Gap

Prime Minister Narendra Modi's app, the NaMo App, is a digital bridge that empowers citizens to participate in the Viksit Bharat Ambassador movement. The NaMo App serves as a one-stop platform for individuals to:

Join the cause: Sign up and become a Viksit Bharat Ambassador and make 10 other people

Amplify Development Stories: Access updates, news, and resources related to the movement.

Create/Join Events: Create and discover local events, meet-ups, and volunteer opportunities.

Connect/Network: Find and interact with like-minded individuals who share the vision of a developed India.

The 'VBA Event' section in the 'Onground Tasks' tab of the 'Volunteer Module' of the NaMo App allows users to stay updated with the ongoing VBA events.