This Post Is Recently Updated on Dec 16, 2023 @ 23:45 pm by TBB Desk
Overview
- Inauguration: Prime Minister Narendra Modi is set to unveil the Surat Diamond Bourse (SDB) on December 17, heralding a new era for India’s diamond industry.
- Location and Scale: The SDB, an architectural marvel, stands in Khajod village near Surat city, sprawling over 35.54 acres of land.
Construction and Cost
- Massive Investment: The construction of the Surat Diamond Bourse involved an investment of ₹3400 crore, showcasing India’s commitment to becoming a key player in the global diamond market.
- Impressive Size: With over 67 lakh square feet of floor area, the SDB is the world’s largest office complex, surpassing even the Pentagon in the United States.
Features and Facilities
- Global Trading Hub: The SDB is poised to become a global center for both rough and polished diamond trading, attracting traders and buyers worldwide.
- Interconnected Offices: Housing over 4,500 interconnected offices, the SDB is uniquely designed for seamless business operations and networking among traders.
- Customs Clearance House: The bourse serves as India’s largest customs clearance house, facilitating efficient international trade and transactions.
- Trader Capacity: It can accommodate 4,200 traders from 175 countries, turning Surat into a magnet for international diamond buyers.
- Employment Opportunities: The SDB is expected to generate employment for approximately 1.5 lakh people, significantly impacting the local economy and beyond.
Significance and Impact
- Prime Minister’s Vision: Prime Minister Modi highlighted the SDB as a testament to India’s entrepreneurial spirit and Surat’s dynamic diamond industry.
- Economic Boost: The bourse is expected to catalyze trade, innovation, and collaboration, bolstering India’s economy and creating extensive employment opportunities.
- Airport Upgrade: Coinciding with the SDB inauguration, the Prime Minister will also inaugurate the newly-upgraded terminal building of the Surat airport, indicating the region’s growing importance.
Closing Remarks
The Surat Diamond Bourse is not just a trading facility; it’s a symbol of India’s aspirations in the global diamond market, offering a state-of-the-art platform for trade and commerce. This monumental project underscores India’s growing influence in the global gem and jewelry sector, poised to reshape the dynamics of diamond trading worldwide.
