Provision of Rs. 7 Crore for Centre of Excellence for synthetic diamond in Gujarat Budget

Gandhinagar: The State Finance Minister Kanubhai Desai presented the state budget today, announcing significant initiatives to support the Surat Diamond Industry. Under the Industries and Mines department, a provision of ₹7 crore has been allocated for establishing a Center of Excellence to develop synthetic diamonds and provide facilities for Small and Medium Scale Industries.

Given Surat’s growing prominence as a major global hub for synthetic diamonds, the center is likely to be established in Surat.

A renowned diamond industrialist from Surat Dinesh Navadiya,, welcomed the government’s initiative. Navdia stated that this move will significantly boost the production and export of artificial diamonds, lab-grown diamonds, and synthetic diamonds in Gujarat, especially in Surat. It’s noteworthy that Surat is the largest producer of lab-grown diamonds in India.” DeshGujarat