City
Epaper

PM Modi to inaugurate Surat's diamond bourse on December 17

By IANS | Updated: December 15, 2023 23:40 IST

Surat, Dec 15 Prime Minister Narendra Modi will inaugurate Surat's Diamond Bourse on December 17.This corporate office ...

Open in App

Surat, Dec 15 Prime Minister Narendra Modi will inaugurate Surat's Diamond Bourse on December 17.

This corporate office hub, estimated at Rs 34,000 crore, is poised to transform Surat into the diamond trading capital of the world, said official data from Gujarat government.

The project, spread across an area spanning 35.54 acres, incorporates the Central Business District (CBD) and social, commercial, and educational facilities.

Chief Minister Bhupendra Patel will be present at the inauguration ceremony.

The project will focus on ethical diamond trading and supporting small and medium-sized diamond enterprises. It will serve as a global platform for diamond trading, attracting traders from over 150 countries.

This project aims to encourage diamond, gems and jewelry trade, as well as boost diamond production and business, thereby fostering growth opportunities for micro, small, and medium enterprises (MSMEs).

The Surat Diamond Bourse will have over 4,500 offices across its 45 floors. The 131 high-speed lifts will offer access to all corners of the massive structure. The entire bourse complex will feature 15 acres dedicated to greenery and themed gardens as per architectural principles.

The Surat Diamond Bourse is set to offer a multitude of benefits to both domestic and international diamond traders. With this project, Surat's diamond trade, currently worth Rs 2 lakh crore, is expected to surge to Rs 4 lakh crore annually.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

TechnologyNaMo Semiconductor Lab to strengthen India’s chip design ecosystem & boost ‘Make in India’ drive: MeitY

BusinessNaMo Semiconductor Lab to strengthen India’s chip design ecosystem & boost ‘Make in India’ drive: MeitY

Cricket'Match-winning' players 'display good cricket': Former Indian cricketer Sarandeep Singh on India vs Pak Women's WC 2025 clash

HealthMP: Doctor Soni, who prescribed toxic cough syrup to children, suspended

NationalMP: Doctor Soni, who prescribed toxic cough syrup to children, suspended

National Realted Stories

NationalPolitical slugfest in Bengal over Mamata govt's Durga Puja carnival, BJP's protest against electrocution deaths

NationalIndia, EU eye trade deal in three months amid US tariff offensive: Report

NationalGive Jarange AK-47 to eliminate OBC in one go, says Vijay Wadettiwar on Maratha quota

NationalJ&K Crime Branch unearths Rs 46.9 lakh consignment fraud in Kashmir

NationalBRS slams RTC bus fare hike in Hyderabad