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Surat Diamond Bourse, a company floated recently by diamond barons, plans to invest INR 1.25 lakh crore to establish a new bourse here over a period of four years. Representatives of the company will submit a formal expression of interest to the Gujarat government regarding the proposed investment during the Vibrant Gujarat summit.

Surat Diamond Bourse was set up for the trade of rough diamonds and manufacture of polished diamonds in a notified zone coming up in the Khajod area under the Dream City project on 4 lakh square meters of land.

The purpose is to get buyers from across the world to visit the city for business and execute transactions at one place. The proposed hub will have 22 iconic and interconnected buildings of more than 20 floors and house more than 10,000 offices.

one of the administrative committee members of Surat Diamond Bourse, informed that there are total 12,000 members. Mr. Patel expressed that it is likely to provide direct employment to more than 1.5 lakh and a total investment of INR 10 lakh crore is expected.

The Dream City project is being executed on the lines of Gujarat International Finance Tech-city in Gandhinagar. Gujarat Infrastructure Development Board will launch a special purpose vehicle for this three-phased project in which Surat Diamond Bourse is the anchor company.