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.
Armani built a multibillion-dollar global brand from something as simple as an unstructured jacket, and broke down the walls between formal and casual.
From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.
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