Kochi Gold and Diamond Park

Delhi-based Aerens Gold Souk International today said it is setting up a 33-acre Gold and Diamond Park at a cost of Rs 450 crore at nearby Kalamassery. The park is conceived as a landmark for jewellery manufacturers, retailers, artisans, exporters and wholesalers to interact, network, source and promote business prospects, a company release said Thursday.

Aerens Gold Souk International Vice-Chairman and Joint Managing Director Ashish Gupta said the manufacturing facility at the park will be ready by September 2011 and it may take three more years to complete the project.

The new venture will help facilitate standardisation in the industry, creation of products that are acceptable in international markets, provide steady employment opportunities and make available latest technologies with a view to preserving Kerala's traditional jewellery industry.

"Encouraged by the success of the Gold Souk Grande mall in Kochi, we plan to set up two more malls at Thiruvananthapuram and Kozhikode with an investment of Rs 150 crore each. The company has spent Rs 100 crore for the Kochi project," he said. Aerens Gold Souk Group is a four decade old diversified conglomerate that has interests in real estate, retail, entertainment and hospitality sectors.

Source