Prime Minister Narendra Modi Inaugurates the World's Largest Diamond Bourse in Surat
Introduction
In a historic event on 17 December 2023, Prime Minister Narendra Modi inaugurated the world's largest office, the Diamond Bourse, in Surat, Gujarat. This ambitious diamond bullion market, spanning over 67 lakh square feet, marks a significant shift in the international diamond and jewelry business from Mumbai to Surat. This article delves into the details of this mega-structure, its significance, and the impact it will have on the global diamond industry.
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| Prime Minister Narendra Modi inaugurated the world's largest office 'Diamond Bourse' in Surat |
Dream City Project and Foundation Stone
Former Gujarat Chief Minister Anandiben Patel laid the foundation stone for the Surat Diamond Bourse and Dream City project in February 2015. The visionary project was designed by Delhi-based Morphogenesis, the same firm behind iconic structures like the BSE Tower in GIFT City, Gandhinagar, and Zydus Corporate Park in Ahmedabad.
The Marvelous Mega-Structure
Situated in Khajod village near Surat city, the Surat Diamond Bourse Building boasts nine towers, each comprising 15 floors. The office spaces within range from 300 sq ft to 1 lakh sq ft, accommodating approximately 4,500 diamond trading offices. This monumental structure, built on a 35.54-acre plot inside Dream City, signifies the new epicenter of the diamond and jewelry business.
Customs Clearance House and Jewelery Mall
The Surat Diamond Bourse is not merely an office complex; it encompasses a state-of-the-art Customs Clearance House for imports and exports, a jewelery mall dedicated to retail jewelery business, and international banking and secure vault facilities. These additions elevate it beyond a trading hub to a comprehensive ecosystem for the diamond industry.
Surat Airport's Transformation
Simultaneously, Prime Minister Modi inaugurated the integrated terminal building at Surat Airport, a Rs 353 crore project. This development bestows the status of an International Airport upon Surat, connecting it to 125 countries. The enhanced air connectivity further solidifies Surat's position as a global business hub.
The Economic Shift from Mumbai to Surat
The relocation of the international diamond and jewelry business from Mumbai to Surat marks a paradigm shift. The Surat Diamond Bourse's strategic location and world-class facilities position it as the nucleus of the global diamond trade, fostering economic growth in the region.
FAQs (Frequently Asked Questions)
Q: When was the Surat Diamond Bourse inaugurated? A: Prime Minister Narendra Modi inaugurated the Surat Diamond Bourse on 17 December 2023.
Q: Who laid the foundation stone for the project? A: The foundation stone for the Surat Diamond Bourse and Dream City project was laid by former Gujarat Chief Minister Anandiben Patel in February 2015.
Q: How many diamond trading offices does the Surat Diamond Bourse accommodate? A: The mega-structure accommodates approximately 4,500 diamond trading offices.
Q: What additional facilities are included in the Surat Diamond Bourse? A: The Surat Diamond Bourse includes a Customs Clearance House, a jewelery mall, and international banking and secure vault facilities.
Q: What is the significance of the Surat Diamond Bourse in the global diamond industry? A: It signifies a shift in the international diamond and jewelry business from Mumbai to Surat, positioning the latter as the new epicenter of the industry.
Q: What is the status of Surat Airport after the inauguration? A: With the inauguration of the new integrated terminal building, Surat Airport has gained the status of an International Airport, connecting it to 125 countries.
Conclusion
In conclusion, Prime Minister Narendra Modi's inauguration of the Surat Diamond Bourse marks a transformative moment in the global diamond industry. The mega-structure, coupled with developments at Surat Airport, propels Surat into a prominent position on the world stage. This strategic move not only fosters economic growth but also cements India's role as a leader in the diamond and jewelry trade.
