SURAT DIAMOND BOURSE (Syllabus: GS Paper 3 – Economy)
Context: The Prime minister of India recently inaugurated the world's largest corporate office hub, Surat Diamond Bourse.
Surat Diamond Bourse
- Location: Situated in Khajod village near Surat, the Surat Diamond Bourse stands as the world's largest corporate office hub, surpassing its predecessors.
- About: It is a not-for-profit organization promoted by SDB Diamond Bourse
oRegistered under section 8 of the Companies Act, 2013.
- Objective: To promote imports, exports and trading of Diamonds, Gems & Jewellery from India.
oTo provide state-of-the-art infrastructure to the organizations engaged in manufacturing & trading of diamonds.
- Global Trading Centre: The bourse is set to become a global center for trading both rough and polished diamonds, along with jewellery, providing a platform for diamond buyers worldwide.
- Environmental Sustainability: Despite its massive size, the bourse adheres to the principles of Panchtattva, aligning with the five elements of nature, minimizing its environmental impact.
- Objectives of SDB
oTo promote imports, exports and trading of Diamonds, Gems & Jewellery from India.
oTo provide state-of-the-art infrastructure to the organizations engaged in manufacturing & trading of diamonds.
oTo promote, advance, protect and develop trade, commerce and industry relating to Gems & Jewellery including cutting, polishing and processing.
oTo establish and maintaining an International Trading Center in India to facilitate Diamond, Gems & Jewellery industry.
oTo develop India as a modern and sophisticated Diamond, Gems & Jewellery market in the world.
