What is the difference between postal service and angadiya
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Just who are the angadias?
By Rutam Vora & Vinay Umarji | Vadodara /Ahmedabad | Last Updated at July 04 2013 23:28 IST
The legality of angadias, the unofficial network of banking and courier services, might be questionable. However, the dependence of the diamond industry on these is unquestionable.
For instance, when angadia services take a 15-day vacation during Diwali, many diamond traders declare holidays. “They have become the heart of the industry, in transporting goods between Mumbai and Gujarat,” said a former president of the Surat Diamond Association (SDA).
Monday night’s raids by the tax department and the National Investigative Agency on four vehicles full of cash and diamonds at Mumbai Central station reasserted this dependence of the diamond industry on the unofficial network. Insiders revealed Rs 200-250 crore worth of cash and ‘parcels’ are transported between Gujarat and Mumbai daily. Of this, Rs 100-150 crore are believed to be diamond and jewellery consignments for the industry in Surat and Ahmedabad.