Diamond Research and Mercantile City explained
Diamond Research and Mercantile City, also known as DREAM City, is an upcoming business district in Surat, Gujarat, India. It will be built on of land near Khajod, along the lines of the Gujarat International Finance Tec-City and Dholera Smart city near Ahmedabad.[1] [2] Expected to open in 2030, it will be Gujarat's third smart city.[2]
Description
The district is projected to have office space, residential areas, and facilities for these residential areas.[3] It will be established and run by a special purpose entity formed by the Government of Gujarat. The special purpose vehicle, named DREAM City Company Limited, was formed by the passage of a resolution in the assembly of the state government.[4] [5]
Surat Diamond Bourse
India's second diamond trading centre, the Surat Diamond Bourse, will operate from DREAM City. Its major roles will be trading unpolished diamonds and manufacturing polished diamonds.[6] The Diamond Bourse is expected to have services for import and export of diamonds, as well as banking and insurance services.[7] Presently, diamonds are polished at Surat and traded at India's sole diamond exchange, Bharat Diamond Bourse, in Mumbai.[8]
Textile university
The Government of Gujarat also announced plans to set up a textile university at DREAM City. This was announced seven months after Union Minister of Finance Arun Jaitley announced the establishment of a textile cluster in Surat.[9]
Construction schedule
The foundation stone was laid by the Chief Minister of Gujarat, Anandiben Patel, on 15 February 2015.[10] The project is to be completed in three phases by the Gujarat Infrastructure Development Board, with the Surat Municipal Corporation assisting with soil testing in places.
See also
Notes and References
- News: 100-storey buildings proposed in Dream City . Himanshu . Bhatt . 5 November 2014 . . Surat . 25 February 2015 . 7 January 2017 . https://web.archive.org/web/20170107123548/http://timesofindia.indiatimes.com/city/surat/100-storey-buildings-proposed-in-Dream-City/articleshow/45042081.cms . live .
- News: Gujarat CM lays foundation stone for state's third smart city in Surat . 15 February 2015 . Business Standard . Surat . 27 February 2015 . 4 March 2015 . https://web.archive.org/web/20150304185303/http://www.business-standard.com/article/economy-policy/gujarat-cm-lays-foundation-stone-for-state-s-third-smart-city-in-surat-115021500420_1.html . live .
- News: 'DREAM City' in diamond capital . Rahi . Gaikwad . 15 February 2015 . . Surat . 25 February 2015 . 12 September 2022 . https://web.archive.org/web/20220912075654/https://www.thehindu.com/news/national/other-states/dream-city-in-diamond-capital/article6898919.ece . live .
- News: Surat to get a diamond city . https://web.archive.org/web/20150227171853/http://www.telegraphindia.com/1150216/jsp/nation/story_3652.jsp . dead . 27 February 2015 . 15 February 2015 . Telegraph India. Surat . 27 February 2015.
- News: Cabinet clears creation of SPV for Surat Dream City . 5 February 2015 . . Gandhinagar . 27 February 2015 . 9 February 2016 . https://web.archive.org/web/20160209175112/http://timesofindia.indiatimes.com/City/Ahmedabad/Cabinet-clears-creation-of-SPV-for-Surat-Dream-City/articleshow/46127854.cms . live .
- News: Global diamond barons invited for SDB stone laying event . Melvyn . Thomas . 24 January 2015 . . Surat . 27 February 2015 . 25 January 2015 . https://web.archive.org/web/20150125164657/http://timesofindia.indiatimes.com/city/surat/Global-diamond-barons-invited-for-SDB-stone-laying-event/articleshow/45999911.cms . live .
- News: Surat's 'DREAM City' to be Gujarat's third smart city . Rutam . Vora . 15 February 2015 . The Hindu Businessline . Surat . 27 February 2015 . 20 July 2023 . https://web.archive.org/web/20230720141257/https://www.thehindubusinessline.com/news/national/ . live .
- News: Big hopes from diamond bourse . 16 February 2015 . . Surat . 27 February 2015 . 27 February 2015 . https://web.archive.org/web/20150227122123/http://timesofindia.indiatimes.com/city/surat/Big-hopes-from-diamond-bourse/articleshow/46259917.cms . live .
- News: Gujarat Govt plans textile university in Surat . Rutam . Vora . 15 February 2015 . The Hindu Business Line . Surat . 27 February 2015 . 20 July 2023 . https://web.archive.org/web/20230720151304/https://www.thehindubusinessline.com/news/national/ . live .
- News: Hectic work on for Dream City, Surat Diamond Bourse event . 13 February 2015 . . Surat . 25 February 2015 . 27 February 2015 . https://web.archive.org/web/20150227122128/http://timesofindia.indiatimes.com/city/surat/Hectic-work-on-for-Dream-City-Surat-Diamond-Bourse-event/articleshow/46231569.cms . live .