Modi launches Surat bourse, new terminal

India will be among the world's top three economies in his third term, Prime Minister Narendra Modi said on Sunday while inaugurating the Surat Diamond Bourse, said to be the world's largest such office complex.

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At over 6.7 million sq ft of floor space, the bourse is a symbol of "new India's capabilities and resolutions", showcasing the abilities of Indian designers, materials and concepts, the Prime Minister said.

The Prime Minister also unveiled a new terminal at Surat airport built at a cost of 353 crore. The terminal, designed with a blend of heritage aesthetics and sustainability features, is aimed at facilitating seamless trade and travel, according to a press statement.

"Surat has contributed significantly to Gujarat and the country, but in my opinion, it has even greater potential. According to me, this is just the beginning, and we need to move forward," Modi said.

"As you all know, in the last 10 years, India has risen above the 10th position in global economic strength and is now ranked fifth in the world," he added. "Now, your Prime Minister Modi guarantees that in his third innings, India will definitely be among the top three economies in the world."

Modi assumed office in 2014 and secured a second term after the Bharatiya Janata Party (BJP) led its alliance to victory in 2019. The National Democratic Alliance will be seeking a third term in the 2024 Lok Sabha elections.

"The government has also set targets for the next 25 years; whether it's a $5 trillion or $10 trillion goal, we are working towards all of them," Modi said.