The Bharat Diamond Week (BDW), a three-day polished diamond buyer-seller trade fair, kicked off on Monday at the Bharat Diamond Bourse (BDB) in Mumbai, with Russian Consul-General Andrei Zhiltsov and Director of ALROSA's United Selling Organisation Evgeny Agureev formally inaugurating the event.
The event comes just after a two-day visit to India by Russian President Vladimir Putin that included business and defence talks between him and Indian Prime Minister Narendra Modi. Both countries affirmed their close ties during the visit, with President Putin stating, “India and Russia have had a strong and reliable relationship. Ties between the two countries are growing at a rapid pace. We enjoy a relationship of mutual respect.”
The Russian Consul-General referenced the Putin-Modi meeting, observing in his speech at the inauguration that the two leaders had affirmed the special partnership between the two countries. He invited Indian companies to do more business with Russia. Agureev, in his remarks, stated that ALROSA would continue to ensure that Indian diamond companies received product and service that would enable a growth in business. BDB President Anoop Mehta reinforced the sentiment when he said that the Indian industry was looking to Russia for stronger ties.
BDB Vice President Mehul Shah noted that 90 percent of the 120 Indian firms taking part in the Bharat Diamond Week were small or medium enterprises (SMEs), who were not usually on the circuit when it came to overseas industry events. The BDW, he said, opened up possibilities for them and for buyers who would now have access to fresh sources.
The BDB has even offered 100 free flight tickets and stay in Mumbai for buyers wanting to attend the event.