Over 300 workers from Laxmi Diamonds at Katargam – owned by Chuni Gajera, the younger brother of businessman and BJP leader Dhiru Gajera – had held a protest on May 22 demanding payment for the vacation period from May 5 to May 8 as well as a salary hike.
Surat’s diamond industry which survived the 2008 recession was just recovering from the Covid-19 aftermath when the Russia-Ukraine war broke out, impacting not only the market but also the production.
Surat’s diamond industry which survived the 2008 recession was just recovering from the Covid-19 aftermath when the Russia-Ukraine war broke out, impacting not only the market but also the production.
Vapi region combining Vapi, Daman and Silvassa too witnessed a surge of 296% to 6 lakh square feet of warehousing space being leased out
SURAT: Although the economy tanked due to the pandemic, industrial real-estate in the south Gujarat region has many reasons to rejoice. Last year’s lockdown and the fear of getting infected among people indirectly gave warehouse space leasing in Surat and other clusters in south Gujarat a huge fillip.
At least 75% of the warehousing leasing from Kosamba to Palsana belt in Surat district was done by e-commerce companies and third-party logistics firms. However, all metro and big cities witnessed an average drop in warehousing leasing of over 29% in fiscal 2020-21.