The Aerens Gold Souk Group plans to set up a gems and jewellery SEZ in
Gurgaon, Haryana, with an investment of Rs 2,000 crore. The project is likely to
be formally launched soon.
The proposed project is slated to come up on 40 acre allotted to the group by
the Haryana Government. The group intends to have residential apartments named
Gold Souk City, apart from the units of gems and jewellery manufacturers from
Thailand and Dubai.
The group is scouting for private equity (PE) company to fund a portion of
the project. The rest is to be funded through internal accruals and JVs.
Also, plans are in pipeline to launch jewellery malls in Indore (Madhya
Pradesh), Hisar (Haryana), Ajmer (Rajasthan), Thiruvananthapuram and Calicut
(Kerala), Madurai and Selam (Tamil Nadu).