Surat: Prime Minister Narendra Modi inaugurated the Surat Diamond Bourse on Sunday, which is the largest and most modern center for the international diamond and jewelry business. PM Modi praised the city of Surat for its remarkable development and referred to it as one of the top 10 developing cities globally. He highlighted the city’s street food and skill development work, emphasizing the hard work of its people in transforming Surat into the “diamond city.”
During the inauguration, PM Modi described the Surat Diamond Bourse as a symbol of unwavering commitment to excellence in the precious gems industry. He emphasized that the bourse is a game-changer for India’s economy and represents the country’s determination and capabilities in design, materials, and concepts. PM Modi also expressed his ambition for India to be among the top three economies in the world during his third term as Prime Minister.
The Surat Diamond Bourse will serve as a global trading center for both rough and polished diamonds, as well as jewelry. It includes state-of-the-art facilities such as a Customs Clearance House for import and export, a jewelry mall for retail businesses, and international banking and safe vaults.
Surat, also known as the “Diamond City,” plays a significant role in the diamond industry, with 90% of the world’s diamond supply being cut and polished there. The city is also renowned for its textile industries, educational institutions, and religious landmarks.
In addition to inaugurating the Surat Diamond Bourse, PM Modi also unveiled the new terminal building at Surat Airport, which was built at a cost of Rs 353 crore. The Union Cabinet approved the proposal to declare Surat Airport as an international airport, aiming to facilitate seamless export-import operations for the thriving diamond and textile industries. The airport’s overall capacity will triple once the new terminal building becomes operational.
Surat, a rapidly growing city in India, has demonstrated remarkable economic prowess and industrial development. Its international airport designation is expected to provide a significant boost to regional development. The new terminal building reflects the city’s culture and heritage, showcasing local artwork and sustainability features.
With PM Modi’s vision for India’s future, Surat continues to position itself as a global hub for the diamond and textile industries, contributing to the country’s economic growth and development.
Surat Diamond Bourse, located in Gujarat, is set to revolutionize India’s economy, according to Prime Minister Narendra Modi. The bourse, one of the largest diamond trading hubs globally, will boost the country’s diamond industry and attract international investors. This state-of-the-art facility will provide a conducive environment for diamond trading, manufacturing, and exporting, further solidifying India’s position as a global diamond powerhouse. The project’s completion signifies a significant step towards enhancing the country’s economic growth and creating numerous job opportunities in the diamond sector.
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