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16 August 2005

Dalal Mott MacDonald wins contract for new jewellery park in India

Mott MacDonald’s Indian company, Dalal Mott MacDonald, has been awarded the leading role for the design, engineering and project management of a new gem and jewellery park at Icchapore, near Surat, in Gujarat, India.

The client, SAR Infracon Pvt Limited – a 100% subsidiary & SPV* of Gujarat Hira Bourse – aims to meet the growing need for local gem processing entrepreneurs to upgrade their businesses from the cutting and polishing of gems to high added-value jewellery manufacturing.

The project has just been officially backed by the Government of India which has approved a financial contribution of Rs.500 million to the project. The Honourable Chief Minister of Gujarat, Narendra Modi also announced that the State Government will be making a financial contribution of Rs.150 million. The first phase of the project is estimated to have a capital value of 500 million Indian Rupees (approximately £7million). As well as creating new jobs, the park will accommodate the increasing demand in this market.

Spreading across 100 hectors, the park will house more than 250 manufacturing units, a hi-tech convention centre, hostel facilities, a training and development centre and administrative offices. Planning and infrastructure work is expected to be completed by December 2007 and the park is scheduled to be awarded the status of Special Economic Zone (SEZ).

Nitin Shah, Dalal Mott MacDonald’s project manager for the jewellery park said, “We are delighted to be involved in this exciting development which, once completed, will be among the best of world class jewellery parks.”

Ends

Notes to editors
* SPV (Special Purpose Vehicle) is the term used for a new company set-up under the umbrella of a main organisation to receive and disburse an Indian Government loan for the specific purpose of creating a new project.

About Dalal Mott MacDonald
Dalal Mott MacDonald, a group company of Mott MacDonald in India, is among India’s most diverse engineering and management consultancy service providers having capabilities and experience in industry, infrastructure, environment and social sector around the globe including India.
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