Gold merchants association proposes ₹2,000-crore jewellery park in Keralam
KGSMA says the proposed project is expected to attract an investment of more than ₹2,000 crore and would require around 30 acres of land
The Kerala Gold and Silver Merchants Association (KGSMA) has proposed a ₹2,000-crore jewellery park in Kerala to modernize the gold jewellery sector and boost the state's economy. State President K. Surendran and General Secretary S. Abdul Nazar presented a detailed project report to the Chief Minister, outlining the plan to create a technology-driven industry under a single industrial hub.
The park would encompass various aspects of the jewellery industry, such as manufacturing, design, refining, hallmarking, testing, packaging, logistics, and exports. It is expected to generate around 24,000 direct employment opportunities and numerous indirect jobs in ancillary industries. By combining traditional gold-making skills with modern technology and providing shared infrastructure, the park aims to enhance the efficiency and competitiveness of small and medium-sized jewellery manufacturers and traders.
With an estimated investment of over ₹2,000 crore and a land requirement of 30 acres, the project is anticipated to position Kerala as a major jewellery-industry hub, leveraging the state's existing strong gold jewellery market and tradition of manufacturing.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
