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Who is an Angadia & Role Played in Indian Economy?

A new name comes into the front in form of Angadia who are providing safe and sound service of delivering the cash, gold or as a matter of fact diamonds. The route is generally from Mumbai to Surat which is a diamond hub of the nation.

A number of Angadia services exist which are engaged in this kind of service for past three decades. Their main task is trasnportation of raw diamonds toSurat, which are brought back to Mumbai after polishing and finishing.

Just imagine that when Angadias take Diwali break; whole diamond industry also takes a break as more than 90% of diamond traders use their service because of their reliability and minimum charges.

One can say that Angadias are the backbone of the diamond industry. The entire business is run on mutual trust. Angadias use bus, van, and train for transportation of cash, jewellery and other material. At times, it is done under police protection, too, considering the risk involved. They charge approx half percent to one percent of the total value of the money being transported.

Thus it appears to be a legal way of undertaking the business till the time they are transporting the items for which owner and receipient goods exist and they pay tax on their earnings. Nonetheless we keep a check on such type of services as it can be used for Hawala money transfer or as a matter of fact can be even used by terrorist organisations to transport illegal arms and lethal explosives. Thus it is in the interest of these Angadia services that they keep checks and balances in place to avoid any such wrong activities taking place through their unique model with a unique name.



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