Zaveri Bazaar Cluster Plan Focuses on Parking, Traffic Flow, and Safety for Traders and Citizens

A delegation of industry leaders met Ravindra Chavan to seek infrastructure upgrades and policy backing to rejuvenate Mumbai’s Zaveri Bazaar. The group presented a comprehensive Cluster Development Proposal, led by Dhiraj Rajmal Baldia, Founder of the Jain Bullion Gem & Jewellery Federation (JBGJF). Key priorities were outlined by Kanayaa Kakkad, including improved parking systems and better traffic management to enhance safety and ease of movement for traders and visitors.

Representing 12 major trade bodies, the delegation emphasized the need for structured redevelopment in Zaveri Bazaar—one of India’s most significant gold trading hubs. Baldia detailed proposals focusing on expanded parking, streamlined traffic flow, and strengthened security infrastructure.

During the discussion, industry stakeholders also highlighted challenges such as market volatility while pointing to growth opportunities. They stressed that timely policy intervention could help stabilize the sector and sustain its progress. Saiyam Mehra presented the perspective of the Gem & Jewellery Council (GJC), while Surendra Mehta outlined concerns and reform suggestions from the India Bullion and Jewellers Association (IBJA).

Chavan expressed support for the initiative and encouraged the submission of detailed project reports to fast-track implementation, according to sources familiar with the meeting.

Other attendees included Vijay Agrawal, Madan Kothari, Sahil Mehra, Nilesh Shobhawat, Mahesh Bafna, Anil Pamecha, Bharat Kothari, Anil Jain, Rahul Desai, Hausila Prasad Gupta, Kishan Dagalia, Sundarlal Sankhla, Rakesh Agarwal, and Rajeev Agarwal.