Nearly seven months after inauguration by PM Modi, grand plans have barely taken shape — hardly any offices have opened & many players who had left Mumbai for Surat have gone back.
Modi also inaugurated new terminal at Surat airport which will cater to additional load of 1,200 domestic passengers and 600 international passengers during peak hours.
Till now, Surat has been the diamond manufacturing hub & Mumbai the export base. However, Gujarat's ease of doing business & lower costs, could make Surat Diamond Bourse a hub for both.
At least eight diamond workers in Surat have died by suicide in the past three months with about 15,000 laid off while the industry's losses have increased from 1% to 15-20% annually in the last five years.
Surat Diamond Bourse, currently under construction, is expected to open in 3 or 4 months. It is expected to house nearly 4,400 merchants and employ about 1.5 lakh people.
Finance ministry says the proposed revamp will focus on structural reforms, rate rationalisation & ease of living, & will be deliberated upon in the coming weeks.
Independence Day honours for ADG Strat Comm team behind Op Sindoor’s strategic messaging, including the logo designer, for real-time narrative control & countering misinfo.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
COMMENTS