Aware that sustaining the Covid-19 protocol, which requires social distancing, is not possible in the crowded and dingy lanes of Zaveri Bazaar, the India Bullion & Jewellers Association plans to relocate the gold commerce to a 60-acre plot in Navi Mumbai.
“We have identified two chunks of land in MIDC (Maharashtra Industrial Development Corporation) area in Kharghar which are 60 -70 acres each where we intend to set up an industrial park for gold trade at an investment of Rs 10,000 crore and shift the entire operations of Zaveri Bazaar there,” Prithviraj Kothari, president of IBJA, instructed ET. “We expect to finalise the plot as soon as the Covid cases come down and normalcy returns.”
IBJA will take up the matter with the Maharashtra authorities as soon as the pandemic comes beneath management.
Kothari mentioned the proposed park could have residences for artisans in order that they don’t have to depart their office if a Covid-19-like state of affairs arises once more.
“We will have banks, financial institutions, customs offices inside the park. There will be separate places for artisans so that they have ample space,” Kothari added.
The each day turnover in Zaveri Bazaar is about Rs 900 crore in regular occasions.
The IBJA president mentioned the second wave of the pandemic has not seen artisans go away their workplaces.
“We have decided to provide Covid vaccines to the artisans free of cost,” he added.
Kothari mentioned Zaveri Bazaar employs round 50,000 artisans.
“And there are altogether 500,000 artisans in Mumbai. So when the industrial park comes up in Navi Mumbai, the entire workforce can move in there,” he mentioned.
While IBJA is taking steps for the welfare of the artisans, the All India Gem & Jewellery Domestic Council has determined to boost funds to assist artisans.
“We have sought the bank details and Aadhaar card numbers of the artisans so that we can transfer funds in their accounts, which will help them in this critical moment,” mentioned Ashish Pethe, chairman of the council.
During the primary wave of Covid-19 final yr, jewellers who got here beneath the purview of the council had given monetary assist of Rs 1,500 to every of the employees.
“We supported about 10,000 workers across India,” Pethe mentioned.