Indian State Rajasthan has approved the allocation of approximately 44,000 square meters of land for the establishment and development of the Jaipur Gem and Jewellery Bourse, as reported in gjepc.org.
This joint collaboration between the Gem & Jewellery Export Promotion Council (GJEPC) and the Jewellers Association Jaipur is set to invigorate the export of gems and is anticipated to generate a host of employment opportunities, bolstering both the local economy and the state's overall progress.
Mr Vipul Shah, Chairman of GJEPC, declared, “The Rajasthan Govt.’s approval for the land allotment is a watershed moment for our gem and jewellery industry. This step will pave the way for a state-of-the-art trading platform that will attract global attention and fortify Jaipur's position as a global gem and jewellery hub.”
The Gem Bourse project is anticipated to generate approximately 60,000 direct and indirect employment opportunities, injecting vitality into the local workforce and economy. This infusion of jobs is expected to yield a positive cascading effect, influencing various sectors and contributing to the broader socio-economic development of the state.
Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough & Polished
