Thiruvananthapuram: The Kerala government has announced plans to establish a Global Gold Hub in central Kerala, with the project centered around Kochi, Aluva and Perumbavoor. The proposal was unveiled in the 2026-27 State Budget presented by Chief Minister and Finance Minister V. D. Satheesan as part of the government’s strategy to strengthen Kerala’s position in the global jewellery and gold manufacturing sector.
The proposed hub aims to bring together gold manufacturing, jewellery design, refining, research, training and export-oriented activities under a unified ecosystem. The government believes the initiative can leverage Kerala’s long-standing connection with the gold trade and its large network of jewellery manufacturers, traders and skilled artisans.
Kochi is expected to serve as the primary commercial and export gateway for the project due to its port connectivity, logistics infrastructure and international business links. Aluva and Perumbavoor, which already host a significant number of jewellery manufacturing units and skilled workers, are expected to play key roles in production, processing and value-added activities.
Officials said the Global Gold Hub is intended to attract domestic and international investment, generate employment opportunities and promote advanced technologies in jewellery manufacturing. The project is also expected to support skill development programmes, design innovation and export promotion initiatives aimed at enhancing the competitiveness of Kerala’s gold industry.
Kerala is one of India’s largest gold-consuming markets and has a strong presence in the jewellery business. Industry experts believe a dedicated gold hub could help streamline supply chains, improve manufacturing efficiency and strengthen the state’s role in both national and international gold markets.
The initiative forms part of the UDF government’s broader economic development strategy, which focuses on creating sector-specific growth clusters, encouraging entrepreneurship and attracting investment into high-value industries. Further details regarding investment requirements, infrastructure development and implementation timelines are expected to be announced in the coming months.
