Chhattisgarh Approves Jewelry Center Plan
Published by MAC on 2006-06-28Chhattisgarh Approves Jewelry Center Plan
By Jeff Miller (Rapaport)
28th June 2006
The government of hascleared the way for a gems and jewelry manufacturing center. Areas were identified for a new jewelry park to encompass some 70 acres of land at Navagaon Village to the tune of Rs 1.7 billion the government reports.
The new jewelry center will cater to diamond polishing and cutting factories. The government hopes to attract some of the eight diamond mining explorers in the region, including De Beers, to set up shop once the jewelry park is completed.
Local press reports that the government has invited potential investors from India to the region for discussions in coming weeks.