India

PM Modi Unveils World’s Largest Office at Surat Diamond Exchange Opening

Today, the world’s largest office, the Surat diamond exchange, was inaugurated by Prime Minister Narendra Modi, surpassing the Pentagon in size.

Completed in July at a cost of ₹ 32 billion, it has a constructed area of 6.7 million square feet. The US landmark is 6.5 million square feet in size and was first opened in 1943.

Modern “Customs Clearance Houses” for import-export, a jewellery mall for retail jewellery businesses, an international banking facility, and safe vaults are all part of the bourse.

While Surat, also referred to as “Diamond City,” dominates in the processing of precious gems, Mumbai has long been the centre of India’s diamond exports, accounting for 90% of the world’s rough diamonds that are cut and polished before being sold to buyers in the US and China. The goal of the new exchange is to consolidate the sector under one roof.

The new complex is housed within Diamond Research and Mercantile City, another of PM Modi’s signature projects. This business district is fashioned after Gujarat International Finance Tec-City. It has roughly 4,700 offices spread across nine 15-story towers. The president of the Surat Diamond Bourse, Nagjibhai Sakariya, states that about 130 offices are currently in operation.

Naiteek Bhatt

Recent Posts

PM Modi Announces Sending Lord Buddha’s Relics To Thailand

PM Modi announced that India will send relics of Lord Buddha, discovered in Gujarat’s Aravalli…

6 hours ago

PM Modi Shares Highlights From Bangkok: A Vibrant Welcome, Community Connect, & The Ramayan!

Prime Minister Narendra Modi highlighted the deep cultural ties between India and Thailand during his…

6 hours ago

Judicial Strength At Risk, Says Delhi HC Bar Association On Justice Singh’s Transfer

The Delhi High Court Bar Association has raised concerns over Justice Chandra Dhari Singh’s transfer…

7 hours ago

PM Modi: Thailand Key To India’s ‘Act East’ Policy & Indo-Pacific Vision

Prime Minister Narendra Modi, during his visit to Bangkok, highlighted Thailand's strategic importance in India's…

7 hours ago

Thailand Releases Commemorative Stamp Showcasing 18th-Century Ramayan Murals During PM Modi’s Visit

Thailand unveiled a commemorative stamp featuring 18th-century Ramayan mural paintings, marking the first day of…

7 hours ago

Centuries-Old Bonds Strengthen As India-Thailand Deepen Partnership: PM Modi

PM Modi and Thai PM Paetongtarn Shinawatra elevate India-Thailand ties to a strategic partnership in…

8 hours ago