PM Modi inaugurates Bharat Ratnam in Mumbai to boost jewellery industry

Prime Minister Narendra Modi virtually inaugurated the Bharat Ratnam Mega Common Facilitation Centre at the SEEPZ Special Economic Zone in Mumbai. The facility has been established to boost India’s gem and jewellery industry and wider economy. 

“Salute to the honourable Prime Minister Shri Narendra Modi for steering a remarkable era of development across all sectors,” said the Gem and Jewellery Export Promotion Council’s chairman Vipul Shah, the GJEPC reported on its website. “His visionary strides towards shaping a Viksit Bharat are not only evident in groundbreaking policy reforms, but also in the development of infrastructure that promises to redefine the business landscape. On behalf of the Indian gem and jewellery community, I extend heartfelt thanks to the Prime Minister for his forward-thinking approach. The government’s steadfast support, exemplified by the establishment of the Mega CFC Bharat Ratnam in SEEPZ, Mumbai, lays a robust foundation for the industry’s future growth. Mega CFC is integral to the industry’s plan to double the SEZ export target from $7 billion to $15 billion, unlocking the untapped potential of around $30 billion.”
 
Bharat Ratnam will house a range of jewellery manufacturing technology including a 3D metal printer. Micro, small, and medium enterprises will be able to use the technology housed within the establishment to ameliorate their output and boost their businesses. 

“I express by heartfelt gratitude to honourable Prime Minster Shri Narendra Modi for initiating the step to transform the SEZs, which he has successfully started from SEEPZ Mumbai,” said SEEPZ-SEZ’s zonal development commissioner Rajesh Kumar Mishra. “This essential renovation and upgrade were timely necessities which will further boost gem and jewellery exports from our country. And the best part is Mega CFC facilities will be made available at a reasonable rate not only to SEEPZ-SEZ units but also to factories outside the zone which will improve the output in terms of quality, productivity, and yield of the finished jewellery.”
 
The Bharat Ratnam Mega CFC was conceptualised by the GJEPC and the building has been constructed with a focus on sustainability. Measuring 1.15 lakh square feet, the space also features a 12,000 square foot exhibition area.