PM Modi Inaugurates World's Largest Surat Diamond Bourse, Transforming Global Diamond Trade
Prime Minister Narendra Modi inaugurates Surat Diamond Bourse, the world's largest workspace, marking a significant milestone in the global diamond and jewelry industry. Explore the key features, facilities, and the impact on international trade in this groundbreaking event.
In a historic moment, Prime Minister Narendra Modi inaugurated the Surat Diamond Bourse, the world's largest and most advanced center for international diamond and jewelry business. The inauguration, which took place on Sunday, followed the unveiling of a state-of-the-art integrated terminal building at Surat Airport.
Surat Diamond Bourse Overview: Situated in Khajod village near Surat city, the Surat Diamond Bourse boasts a staggering 67 lakh square feet of floor area, making it the largest office complex globally. This mega-structure, a part of the Diamond Research and Mercantile (DREAM) City, features nine towers with 15 floors each, accommodating nearly 4,500 diamond trading offices.
Facilities and Features: The Surat Diamond Bourse is set to become a global hub for both rough and polished diamond trading, as well as jewelry business. Among its state-of-the-art facilities are a 'Customs Clearance House' for import and export, a jewelry mall catering to retail jewelry businesses, and provisions for international banking and safe vaults.
Project Timeline: The journey to the inauguration dates back to February 2015 when the foundation stone was laid by the then Gujarat Chief Minister, Anandiben Patel. Since then, the project has evolved into a monumental structure, symbolizing India's prowess in the diamond industry.
Current Status and Occupancy: Several diamond traders, including those previously based in Mumbai, have already taken possession of their allotted offices through an auction process. The occupancy includes a diverse range of office spaces, ranging from 300 sq ft to 1 lakh sq ft, reflecting the inclusivity of the industry within the Surat Diamond Bourse.
Global Impact: With its expansive floor space and cutting-edge facilities, the Surat Diamond Bourse is poised to reshape the dynamics of the global diamond trade. The project aligns with the vision of positioning Surat as an international trading and manufacturing hub for diamonds and jewelry.
Conclusion: In conclusion, the inauguration of the Surat Diamond Bourse marks a pivotal moment in India's contribution to the global diamond and jewelry market. The world's largest office complex is set to elevate Surat's status, providing a conducive environment for diamond traders and businesses to thrive on a global scale.
