Surat Diamond Bourse

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Overview:

The Prime minister is set to inaugurate the world's largest corporate office hub, Surat Diamond Bourse.

About Surat Diamond Bourse

  • It is located in Khajod village, near Surat.
  • It is the world's largest corporate office hub. 
  • The building overtook the Pentagon, which had, to date, housed the world's largest office building for the last 80 years.
  • It will be the world's largest and modern centre for international diamond and jewellery business.
  • It will also be a global centre for trading both rough and polished diamonds as well as jewellery.
  • Diamond buyers from all corners of the world will get a global platform to trade at the Surat Diamond Bourse. 
  • Features:
    • It is built on 35.54 acres of land at a cost of Rs 3,400 crore.
    • It is the world's largest interconnected building, as it houses over 4,500 interconnected offices. 
    • The megastructure features 15 floors in addition to nine ground towers with office space ranging from 300 sq ft to 1 lakh sq ft.
    • There is a central spine connecting the nine rectangular towers.
    • The bourse will comprise a state-of-the-art 'Customs Clearance House' for Import-Export, a jewellery mall for retail jewellery business, and a facility for International Banking and Safe Vaults.
    • It is the country's largest customs clearance house.
    • The building has the capacity to house 4,200 traders from 175 countries who will come to Surat to buy polished diamonds.
    • Despite its mega size, the bourse minimizes its environmental impact by adhering to the principles of Panchtattva, aligning with the five elements of nature.
    • The building showcases a cutting-edge rooftop solar energy project, ensuring sustainability in common areas and employing a radiant cooling system.
    • The Indian Green Building Council (IGBC) has awarded the building a platinum rating.

Q1) What is the Pentagon?

The Pentagon is the headquarters of the US Department of Defense. It is located in Arlington, VA, just south of Washington, DC. It is one of the world's largest office buildings. It provides workspace to approximately 23,000 civilian and military employees.

Source: PM Modi to inaugurate Surat Diamond Burse; a look into the corporate gem