HomeNewsBusiness'Major boost to diamonds industry': PM Modi to inaugurate Surat Diamond Bourse today

'Major boost to diamonds industry': PM Modi to inaugurate Surat Diamond Bourse today

Former Gujarat chief minister Anandiben Patel had in February 2015 performed the ground-breaking ceremony of the SDB and DREAM City project.

December 17, 2023 / 08:14 IST
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The entire SDB megastructure comprises of nine 15-storey towers, which house a total of around 4,700 offices. The bourse's size is also larger than the Israel Diamond Exchange, which is spread across an area of 80,000 square metres and houses over 1,000 offices.
The entire SDB megastructure comprises of nine 15-storey towers, which house a total of around 4,700 offices. The bourse's size is also larger than the Israel Diamond Exchange, which is spread across an area of 80,000 square metres and houses over 1,000 offices.

Prime Minister Narendra Modi will be in Surat, one of the financial hubs of Gujarat, on December 17 to inaugurate the newly-built Surat Diamond Bourse (SDB) building.

The building, part of the Diamond Research and Mercantile (DREAM) City, will be a "major boost to the diamonds industry", Modi posted on social media platform X.

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"In Surat tomorrow, the Surat Diamond Bourse will be inaugurated. This will be a major boost to the diamonds industry. The ‘Customs Clearance House’, Jewellery Mall and facility of International Banking and Safe Vaults will be significant parts of the Bourse," he tweeted on December 16.

Also Read: India's diamond polishing industry revenue may drop 30-35% this fiscal: Crisil Ratings