Surat Diamond Bourse: India To Have World’s Largest Corporate Office Hub

A very special event is going to happen in Surat, Gujarat. Prime Minister Narendra Modi is going to open the Surat Diamond Bourse (SDB) building. This building is not just any building—it’s the largest office complex in the world! It’s a part of the Diamond Research and Mercantile (DREAM) City and is also linked to the newly improved Surat airport.

The Surat Diamond Bourse is huge. It has over 67 lakh square feet of space and cost about Rs 3000 crore to build. There are almost 4,500 offices inside for diamond trading. This place is even bigger than the Pentagon in the USA! It’s expected to create about 1.5 lakh jobs, which is great news for many people. The building is designed with the future in mind, with high-tech facilities like fiber connectivity and lots of security cameras.

Surat, where this bourse is located, is already well-known for diamonds. About 90% of the world’s rough diamonds are cut and polished in Surat before they are sold across the world. 

With this new bourse, the aim is to bring all the diamond business under one roof, making it easier and more secure for traders. It will help Surat become even more important in the global diamond industry.

Even though Surat is a major player in diamond processing, Mumbai has been the main place for selling them. But now, Surat could become the center of both making and selling diamonds. This is a big step for the city, which has been growing in the diamond industry for about 60 years.

However, there are some challenges. Some traders in Surat might not want to move to this new, fancy office. Also, Surat’s airport doesn’t have many international flights, which could make it harder for global business. Plus, the current world situation, like sanctions on Russian diamonds, is creating some problems for the diamond industry.

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But overall, this new diamond bourse is a big deal. It’s not just about the building; it’s about making India a world leader in diamonds and boosting the economy. It’s a significant step for Gujarat and for India in the global market.