How Will Maharashtra's New Gem and Jewellery Policy Boost Exports and Create Jobs?
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Synopsis
Maharashtra’s new Gems and Jewellery Policy 2025 could revolutionize the local industry by attracting massive investments and creating hundreds of thousands of jobs. Discover how this initiative aims to elevate Maharashtra as a global leader in jewellery manufacturing and exports.
Key Takeaways
- Maharashtra's Gems and Jewellery Policy 2025 aims to attract Rs 1 lakh crore in investments.
- Creation of over 5 lakh new jobs is expected.
- The policy will enhance skilling and technology in the jewellery sector.
- It aims to promote ease of doing business and encourage innovation.
- This initiative could establish Maharashtra as a global leader in jewellery production.
Mumbai, Oct 8 (NationPress) The Gem and Jewellery Export Promotion Council (GJEPC) has expressed strong support for Maharashtra's recent approval of the Gems and Jewellery Policy 2025. This strategic initiative is set to significantly enhance the entire ecosystem, encompassing everything from manufacturing and exports to skill development and job creation.
The policy aims to draw in investments totaling Rs 1 lakh crore and generate over 5 lakh new jobs, representing a substantial advancement in Maharashtra's ambition to become a global hub for jewellery production, exports, and design.
According to GJEPC chairman Kirit Bhansali, "This transformative initiative will not only solidify Maharashtra's status as a premier centre for jewellery manufacturing but will also catalyze improvements in areas such as skilling, technology enhancement, and value addition."
For over a year and a half, GJEPC has collaborated closely with the Department of Industries in the Maharashtra government to shape this policy framework.
Through numerous consultations and stakeholder engagements, GJEPC has provided crucial insights to ensure that the policy meets the industry's changing demands, covering aspects from manufacturing and infrastructure to skilling and export facilitation, as detailed in a GJEPC statement.
The new policy is tailored to foster ease of doing business, modernize manufacturing facilities, stimulate innovation, and bolster training and skilling infrastructure statewide, as stated by the Council.
"With this policy, we anticipate new avenues for investment, innovation, and employment — positioning Maharashtra to establish new global standards in the gems and jewellery industry," Bhansali remarked.
This policy is set to improve the industry's competitiveness, attract both domestic and international investments, and further solidify Maharashtra's position as the core of India’s jewellery economy.
In related news, India’s overall gross exports of gems and jewellery recorded a growth of 5.12 percent, reaching $2.12 billion (Rs 18,529.08 crore) in August this year, compared to $2.01 billion (Rs. 16,896.04 crore) during the same month last year, according to GJEPC data.
Point of View
I believe the approval of Maharashtra's Gems and Jewellery Policy 2025 is a pivotal moment for the state's economy. It aligns with national growth objectives and addresses the evolving needs of the industry. By fostering investment and innovation, this policy positions Maharashtra as a leader in the gems and jewellery sector, which could have positive ripple effects across the country.
NationPress
08/10/2025
Frequently Asked Questions
What is the main goal of Maharashtra's Gems and Jewellery Policy 2025?
The primary aim is to attract significant investments and generate over 5 lakh jobs, transforming Maharashtra into a global hub for jewellery manufacturing and exports.
How will the policy impact skill development?
The policy is designed to enhance skilling and training infrastructure, ensuring the workforce is equipped with the necessary skills for modern jewellery manufacturing.
What are the expected benefits for the jewellery industry?
The policy is anticipated to boost competitiveness, attract domestic and international investors, and modernize manufacturing units.
