India’s first privately owned and managed Jewellery SEZ to be commissioned, this is slated to become one of the country’s largest Gems and Jewellery SEZs. The campus  is expected to house about 75-100 diamond, colour stones, pearl, semi-precious stones, jewellery and jewellery-watch manufacturing units.

Construction of this Group company’s state-of-the-art factory, on a 100,000 sq. ft. plot is complete, and the diamond cutting and polishing units have commenced operations.

Around 200,000 sq. ft. of construction will be completed for jewellery manufacture and around 130,000 sq. ft., dedicated for customers, by the end of second quarter of 08-09. Another 65,000 sq. ft. will be ready in the third quarter. The central administrative and service facility of 130,000 sq. ft will be ready by the end of year 08-09.

Multi-tenant factories comprising 600,000 sq. ft. are on the drawing board.

Hyderabad Gems has already developed a training centre to facilitate jewellery manufacture; diamond cutting and polishing; gold investment casting, and metal refining, besides gemology and assaying labs, CAD & Rapid Prototyping facilities for product development. These will also be available to other units in the SEZ.

In the Pipeline
Having gained enormous experience from this project, and considering the sizeable economic and unique benefits available to SEZs units, the Group has gone ahead aggressively to set up other SEZ projects. 

In-principle approvals have been secured from State and Central governments for various sector specific SEZs across India, for which a number of wholly owned subsidiaries have been formed as Special Purpose Vehicles to execute these projects.

SEZ units in the gems & jewellery sector will be located at Raigad, Aurangabad, Nanded and Kolkata, besides one in the multi-service sector at Nashik, and one in the multi-products sector at Nagpur.