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Gems & Jewellery remain dull in Vibrant Gujarat
23 Jan '07
1 min read
Even after signing MoUs worth crores of rupees in the state, Vibrant Guajrat Investors' Summit 2007 fails to satisfy core sector of gems and jewellery.
The shortage of investment was mainly due to special economic zone (SEZ) at Icchapore near Surat, which already has attracted most of the investment in 2003.
New investments are only expected once SEZ start its working, which will take another two years for completion.
In 2003, approximately Rs4,600 crore of investment was committed in the Icchapore SEZ.
During this period, Gujarat Hira Bourse (GHB) and the Gujarat Government signed Memorandum of Understanding (MoU) for setting up the gems and jewellery SEZ.
About 50,000 square yard of land is still with the Government. Only after transferring this land to Gujarat Industrial Development Corporation (GIDC), it can be allotted to units.
The shortage of investment was mainly due to special economic zone (SEZ) at Icchapore near Surat, which already has attracted most of the investment in 2003.
New investments are only expected once SEZ start its working, which will take another two years for completion.
In 2003, approximately Rs4,600 crore of investment was committed in the Icchapore SEZ.
During this period, Gujarat Hira Bourse (GHB) and the Gujarat Government signed Memorandum of Understanding (MoU) for setting up the gems and jewellery SEZ.
About 50,000 square yard of land is still with the Government. Only after transferring this land to Gujarat Industrial Development Corporation (GIDC), it can be allotted to units.
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