The Kerala Gold and Silver Merchants Association (KGSMA) has submitted a detailed project report to the Chief Minister proposing the establishment of a modern jewellery park in the State, aimed at transforming the gold jewellery sector into a more organised and technology-driven industry.
KGSMA state president K. Surendran and general secretary S. Abdul Nazar said the proposed project is expected to attract an investment of more than ₹2,000 crore and would require around 30 acres of land.
Once operational, the jewellery park will bring together a wide range of activities associated with the jewellery industry under a single industrial hub. These would include jewellery manufacturing, design, refining, hallmarking, testing, packaging, logistics and exports.
According to the project report, the park is expected to create around 24,000 direct employment opportunities, in addition to a large number of indirect jobs in ancillary industries.
The association said the project would combine Keralam’s traditional gold jewellery-making skills with modern technology while providing common infrastructure and facilities to small and medium-sized jewellery manufacturers and traders.
The proposed park will include modern design centres, quality-testing and hallmarking facilities, refining and gold-recycling units, training centres, warehousing and logistics facilities, as well as infrastructure to support exports.
KGSMA said access to shared modern facilities would help small and medium enterprises in the jewellery sector improve efficiency and competitiveness. The integrated infrastructure is also expected to enable Kerala’s jewellery industry to compete more effectively in national and international markets and expand its export potential.
With Keralam already having a strong gold jewellery market and a long-established tradition of jewellery manufacturing, the association believes that developing the sector as an organised industrial sector could create new opportunities for the State’s economy.
The proposed jewellery park could position Keralam as a major jewellery-industry hub by bringing together manufacturing, design, technology, recycling, value-added products, training and exports in one integrated ecosystem.
With an estimated investment of over ₹2,000 crore, a land requirement of around 30 acres and the potential to generate 24,000 direct jobs, the project is envisaged as a major infrastructure initiative for the next phase of growth of jewellery industry in the State.