India's Modi Inaugurates World's Largest Diamond Bourse, Creating 150,000 Jobs

Indian Prime Minister Narendra Modi inaugurated the Surat diamond bourse in Gujarat, stating that it will create 150,000 new jobs and become a "one-stop shop" for artisans and businessmen. Surat, known for cutting and polishing 90% of the world's rough diamonds, aims to become the global diamond capital. The bourse, spanning 6.6 million square feet, is touted as the world's largest office building. Modi highlighted the potential for further job creation once facilities like international banking, safe vaults, and a jewelry mall are operational. Despite a slowdown in global demand for polished diamonds, Modi expressed confidence in increasing India's share of global gems-jewelry exports with Surat's support.