At one time, the Gujarat Hira Bourse (GHB) exchange in Surat was commissioned by the then Prime Minister of Gujarat, Narendra Modi (Narendra Modi), 1 million square meters. m land in Ichhapur (Ichhapore). However, a decade passed, and the jewelry park planned there did not work, according to the TOI.
In 2004, about 350 large and small diamond companies engaged in the production of diamonds and jewelry in Mumbai and Surat, bought sites for the construction of industrial enterprises in a special economic zone (SEZ). It was assumed that the park will work for three to four years. However, from year to year the launch of the project was postponed; To date, about 2 billion rupees have been invested in the GHB. The project managed to build only the main infrastructure elements, and seven facilities are under construction.
Two years ago, the GHB filed an application for the removal of the status of a special economic zone from the park, since the government abolished the tax benefits and preferences. Members of the jewelry park in Ichapur in 2004 bought land at a price of Rs. 3,500 per 1 square meter, and by now prices have jumped to Rs. 7,500 to Rs. 8,000 per meter, and it is likely that the park will only include 7 enterprises.