Lucknow: To promote the gems and gold jewellery sector, the Uttar Pradesh government has approved a multi-storey flatted factory complex in Ved Vyas Puri, Meerut, government officials said on Wednesday.
“The project, overseen by the Meerut Development Authority (MDA), is moving forward, with work already underway on the detailed project report. The construction and development works are expected to be completed within 24 months, with construction potentially beginning by the end of November,” they said.
Officials concerned said that the flatted factory would span 32,000 square metres in a strategically advantageous location. Situated along the Meerut-Haridwar highway, it is just three kilometres from the Delhi-Meerut highway and 20 kilometres from the Ganga Expressway.
Additionally, it would be only 1.5 kilometres far from the National Institute of Jewellery Technology campus. The factory would also enjoy excellent connectivity to Jewar Airport via the Eastern Peripheral Expressway, making it accessible within 45 minutes, they added.
Informing that Meerut’s jewellery industry plays a crucial role in the state’s economy, boasting an annual turnover exceeding Rs 2,000 crores, they said, “More than 40,000 goldsmiths, gemstone makers, and jewellers are part of this industry. Recognizing its significance, the National Institute of Jewellery Technology (NIJTM) was set up in Meerut in 2016. For a long time, the jewellery and gemstone industry in Meerut has been requesting the expansion of the traditional bullion market.”
The spokesperson said that the UP government aimed to meet this demand while also planning for future needs. This effort would create new opportunities, including employment, not just in Meerut but also in the surrounding areas. With this expansion, Meerut would grow as a major hub for the jewellery industry, attracting industrialists and customers from Delhi, Ghaziabad, Noida, Faridabad, and parts of Haryana, making it a key destination for jewellery shopping, they said.
Talking about the kind of facilities at the factory, officials said, “It will offer modern trunk facilities and plug-and-play infrastructure. Designed with state-of-the-art automation, the complex will feature world-class amenities, helping to boost the development of both Meerut and the surrounding areas.”
