Botswana and India, there is a need to accelerate the creation of the India-Africa Diamond Institute (India-Africa Diamond Institute, IADI ), said Indian minister for tribal Dzhual Oram (Jual Oram).
Agency Patriot leads words of the Minister that the early establishment of IADI is useful for both Botswana and for India itself.
At the same time, the Indian Diamond Institute (Indian Diamond Institute, IDI) is going to help organize Gaborone modern institution for the diamond industry in the country.
The new organization is expected to train cutters and gemologists and jewelry manufacturers.
Patriot also said that three months of arriving in India to Botswana team of professionals who will train new employees in the African country.
Botswana, the second largest diamond producer in the world after Russia, seeks to develop the diamond beneficiation to increase the added value of the precious stones mined in the country.
Diamond mining in Botswana is about a third of GDP and provides 80% of exports and 40% of government revenues.
At the same time, the decline in the diamond market indices had a very negative impact on Botswana's economy because of its orientation to the sale of rough diamonds.
Finance Minister Kenneth Matambo countries (Kenneth Matambo) said earlier that Botswana's budget deficit rose to 3.8% of GDP in the fiscal year that began April 1, due to lower exports of diamonds from the country.
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