The Surat Diamond Bourse (SDB) stands as a massive diamond trade center situated in Surat, India. It holds the prestigious title of being the world’s largest building boasting an enormous floor space of 660,000 square meters (7,100,000 square feet). This makes it even larger than The Pentagon, making it the world’s biggest office building.
Dream City Project To Help Surat Became Safest Diamond Trading Hub
Diamond Research and Mercantile City, known as DREAM City, is an upcoming business district in Surat, India. It will be developed on a vast 810-hectare (2,000-acre) land near Khajod, following the model of Gujarat International Finance Tec-City and Dholera Smart City near Ahmedabad. The expected completion date is 2030, making it the third smart city in Gujarat.
DREAM City aims to offer office spaces, residential areas, and related facilities. The entire project will be managed by a special purpose vehicle called DREAM City Company Limited, established by the Government of Gujarat through a resolution passed in the state assembly.
One of the key components within DREAM City will be the Surat Diamond Bourse, India’s largest diamond trading center. It will focus on trading unpolished diamonds and manufacturing polished diamonds. The Diamond Bourse is set to provide various services for importing and exporting diamonds, as well as offering banking and insurance facilities. Currently, diamonds are polished in Surat and traded at the Bharat Diamond Bourse, which is India’s sole diamond exchange located in Mumbai.
Additionally, the government of Gujarat plans to establish a Textile University at DREAM City, which was announced shortly after the announcement of a textile cluster in Surat by the Union Minister of Finance, Arun Jaitley.
Surat Diamond Bourse (SDB): Global Hub For Diamond Trading
DREAM City is anticipated to generate more than 100,000 employment opportunities and yield a revenue of $10 billion. Surat Diamond Bourse (SDB) is made at a cost of $388 million, This ambitious project is set to significantly enhance the diamond industry in India , transforming it into a prominent global center for diamond trading.
It is very significant to invest in India’s Diamond Industry because 14 out of 15 Diamond in the world are cut and polish in India. India’s Diamond export around $26 billion every year and grow day by day.
visit here for official site – Surat Diamond Bourse
Key features of the Surat Diamond Bourse:
The Surat Diamond Bourse (SDB) was founded in 2016 through a collaboration between the Gujarat government and the Diamond Industry Promotion Board. Its main purpose is to create a modern and efficient trading platform for the diamond industry. Some outstanding features of SDB include a state-of-the-art trading floor with 4,200 trading terminals, a fully automated trading system equipped with advanced technology, including an automated trading system and a research center, development center and a training academy for diamond traders. In addition, it offers various amenities like a food court, a bank, and a post office.
Since its establishment, the SDB has been a huge success. It has brought together the diamond industry in Surat, making it a global center for diamond trade. The bourse has also played a crucial role in enhancing the efficiency and transparency of the diamond trade.
Overall, the Surat Diamond Bourse has significantly contributed to the growth and success of the Indian diamond industry. It has consolidated the industry in Surat, making it a prominent global hub for diamond trade, while also improving trade efficiency and transparency.
