Hyderabad Gems SEZ
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Hyderabad Gems SEZ Ltd, It is a Diamond Processing Zone developed by Mr. Suresh Chukkapalli promoted by Mumbai based Gitanjali Group.
The SEZ is 100% subsidiary for Gitanjali Group and also known as Rajiv Gems Park. This will be the contemporary destination for manufacturers, businessmen and entrepreneurs in the field of gems & jewellery for both gold & diamonds. The facility would house cutting and polishing units, testing laboratories, certification centres, banks, merchandising centres and other services relevant to the trade. The park is strategically located where India's finest jewellery craftsmen are based. In addition, the group is ensuring availability of the requisite talents by providing training opportunities with an institute planned at the location. In addition the park will also feature a diamond certification lab.This project has also received approval from the central government. The ministry of commerce, vide its letter dated June 09, 2006, has formally notified the setting up of the 200-acre Rajiv Gems Park. The Andhra Pradesh government had sanctioned its approval and handed over the land last year and work on the first phase had commenced in November last. The project will see an estimated turnover of Rs 5,000 crore when it is fully operational.
