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| Edited By: |Source: PTI |Updated: Mar 30, 2018, 02:20 AM IST
Gems and jewellery giant, the Gitanjali Group, is targetting exports worth Rs300 crore from its Special Economic Zone (SEZ) in Hyderabad in the current calender year, its chairman, Mehul Choksi, said.
Hyderabad Gems SEZ Ltd, the group's first SEZ division, recently set up a factory spread over 1lakh sq ft at Rajiv Gems Park in Hyderabad. The campus houses about 75-100 diamond, colour stones, pearl, semi-precious stones, jewellery and jewellery-watch manufacturing units.
"The Hyderabad SEZ is fully ready and notified. Hyderabad (SEZ) will clock more than Rs200-300 crore exports this calender year," Gitanjali Group's chairman and managing director, Mehul Choksi, told PTI here.
Hyderabad Gems SEZ Ltd also has a training centre for manufacturing jewellery and cutting and polishing of diamonds.
"The diamond-cutting and polishing units at the SEZ have commenced operations. Nearly 3,000 people are employed at the SEZ," Choksi said.
Besides, it will have facilities for gold investment casting, metal refining, gemology and assaying labs as well as CAD (computer animated design) and rapid prototyping for product development.
The Rs6,000-crore Gitanjali Group plans to develop seven SEZs to be operationalised in seven to eight years, and has already bought land in Panvel, outside Mumbai.
