Gems and Jewelry Park to Become Reality
Jeweler | 2014-06-24 04:04:01
Though the Gujarat government allotted the Gujarat Hira Bourse (GHB) one million square meters of land in Ichhapore for developing gems and Jewelry Park in 2004, the proposed project has yet not become reality even after one decade.
By Paul Ploumis
NEW DELHI (Scrap Monster): Though the Gujarat government allotted the Gujarat Hira Bourse (GHB) one million square meters of land in Ichhapore for developing gems and Jewelry Park in 2004, the proposed project has yet not become reality even after one decade.
In 2004, more than 350 big and small diamond companies into jewellery manufacturing and diamond polishing - from Mumbai and Surat - had owned plots to build manufacturing units in the special economic zone (SEZ).
As per the report, the GHB has so far spent nearly to Rs 200 crore for reviving the project. The GHB had applied for de-notification of SEZ status of the park after UPA government lifted the tax benefits and other incentives before two years.
However, the GHB expects to develop the jewelry park in the next couple of years.
