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CCEA approves winding up of Hindustan Diamond Company Private Limited

CCEA approves winding up of Hindustan Diamond Company Private Limited
22 September 2016 Current Affairs: The Cabinet Committee on Economic Affairs (CCEA) has given its approval for initiating the process of winding up of Hindustan Diamond Company Private Limited (HDCPL). 

The winding up of HDCPL will not affect supply of rough diamonds to Indian diamantaires as Indian diamond industry has grown in these years.

 Besides, the HDCPL had become inconsistent with changing times to facilitate the constant supply of rough diamonds and to make India an International Diamond Trading Hub.

Hindustan Diamond Company Private Limited (HDCPL) :  HDCPL was a 50:50 joint venture of the Central Government and De Beers Centenary Mauritius Limited (DBCML).

 It was incorporated under the Companies Act, 1956 in 1978 to supply rough diamonds to diamond processing industry in India. Its objective was to supply rough diamonds particularly to small and medium diamond jewellery exporters, who had no direct access to rough diamonds from Diamond Trading Company (DTC), London.


March 2017 Current affairs
29 MAR
NEWS
28 MAR
NEWS
27 MAR
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25 MAR
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24 MAR
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23 MAR
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February 2017 Current affairs
28 FEB
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27 FEB
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25 FEB
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24 FEB
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January 2017 Current affairs
31 JAN
NEWS
30 JAN
NEWS
28 JAN
NEWS
27 JAN
NEWS
25 JAN
NEWS
24 JAN
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December 2016 Current affairs
31 DEC
NEWS
30 DEC
NEWS
29 DEC
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28 DEC
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27 DEC
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26 DEC
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November 2016 Current affairs
30 NOV
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29 NOV
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28 NOV
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26 NOV
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25 NOV
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