India is closer to becoming a global rough diamond hub. A new tax exemption will attract foreign companies to trade rough diamonds. This measure offers a 15-year income tax holiday for eligible firms. It aims to boost trading activity within India's Special Notified Zones. The government's move is expected to enhance India's diamond industry competitiveness.

India's tax holiday for rough diamonds could boost exports by $3-5 billion, transforming the nation into a global trading hub.

India is closer to becoming a global rough diamond hub. A new tax exemption will attract foreign companies to trade rough diamonds. This measure offers a 15-year income tax…