The All Kerala Gold and Silver Merchants' Association (AKGSMA) has proposed a bullion park, a world-class secured facility for handling the jewellery business.
It is proposed that the bullion park will comprise, among other facilities, factories, refineries, hallmarking training, a gemmology institute, bullion banks, bonded warehouses, apartments and hotels. The proposal submitted to the Industries department recently envisages a solar power generation facility for the park.
S. Abdul Nazar, State treasurer of the AKGSMA, says the association is looking for land, possibly in Thrissur or Malappuram districts, for the proposed park. Thrissur is the hub of gold processing and such a world-class facility would help the business immensely. Land is available with the government on the industrial estate in Malappuram district.
