Lab Grown Companies Move to Near-Empty Surat Bourse
October 14, 24
(IDEX Online) - The near-empty Surat Diamond Bourse (SDB) is hoping the arrival of around 40 lab grown traders will signal a change in its fortunes.
The vast new center, recognized by Guinness World Records as the largest office building in existence, was officially opened last December by India's prime minister Narendra Modi .
It has a capacity of 4,500 offices, but remains virtually empty.
The bourse has, according to local media reports, now reached an agreement with the Lab Grown Diamond Association (LGDA) to relocate around 40 lab grown companies from elsewhere in Surat.
Mahesh Gadhvi, CEO at SDB, said recently that 250 offices were currently occupied (that's less than 6 per cent of the total).
"Steadily we are progressing towards opening more offices and starting more businesses from SDB," he told the business news channel CNBC.