The SEEPZ Special Economic Zone today inaugurated the New Enterprises & Service Tower (NEST)-2, a key infrastructure expansion designed to support India’s growing gems, jewellery, and export ecosystem. The ceremony, held at the Bharat Ratnam – Mega CFC Auditorium, was led by Shri Piyush Goyal, Hon’ble Union Minister of Commerce & Industry, Government of India, as Chief Guest.

The event was hosted by Shri Dnyaneshwar B. Patil, IAS, Development Commissioner, SEEPZ SEZ. Senior officials, industry leaders, and unit holders from across the SEEPZ community attended the inauguration, followed by a formal address session inside the SEEPZ auditorium.

SEEPZ Leadership Highlights Progress and Industry Challenges

Speaking at the ceremony, Shri Dnyaneshwar B. Patil, Development Commissioner, SEEPZ, noted SEEPZ’s evolving role in global trade and its resilience in navigating tariff-related pressures. He stated:
“SEEPZ has reached new heights and has borne the brunt of tariffs. We thank Piyushji and his team for supporting our efforts. As we participate in crucial trade discussions, we will continue to require the Ministry’s steadfast support.”

Representing the industry, Mr Adil Kotwal, Chairman, SEEPZ Gems & Jewellery Manufacturers Association, expressed optimism for upcoming trade negotiations. He shared:
“Piyushji and his team have remained steadfast in addressing the tariff levies impacting our manufacturers. We anticipate positive outcomes from the ongoing trade talks by early 2026.”

Union Minister Piyush Goyal Urges Youth Voice, Clean Business Systems, and Rapid Development

Delivering the keynote address, Shri Piyush Goyal emphasised transparency, industry participation, and a forward-looking vision for SEEPZ’s transformation.

He remarked: “I encourage the youth to voice concerns and highlight industry issues to the government. Honest and transparent business must be our collective goal. The government is committed to ensuring that entrepreneurs operate in a stress-free system. This is the best time to expand your business, take advantage of decriminalization reforms, and benefit from reduced compliance burdens.”

He also highlighted SEEPZ’s infrastructure transition:
“Improved infrastructure, more greenery, and better cleanliness are essential. The transition from SEEPZ 1 to the new SEEPZ will accelerate development. Being the world’s fastest-growing major economy is not enough; there is nothing stopping us from growing even faster.”

Commitment Toward Future SEEPZ Infrastructure

Smt. Mital Hiremath, Joint Development Commissioner (Pune Cluster), reflected on the learnings from NEST 2 and outlined ambitions for the future:
“Any shortcomings in NEST 2.0 will be addressed and surpassed tenfold in NEST 3.0. Every unit holder must contribute to the well-being and efficient management of SEEPZ’s systems and processes.”