What New Developments Has the Maha Cabinet Approved for the Gems and Jewellery Sector?
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Synopsis
On October 7, the Maharashtra Cabinet, under Chief Minister Devendra Fadnavis, approved the State Gems and Jewellery Policy-2025, aiming to attract a massive investment of Rs 1 lakh crore and create five lakh jobs in the sector. This policy is part of broader initiatives including urban wastewater treatment and slum redevelopment.
Key Takeaways
- Maharashtra Cabinet approved the State Gems and Jewellery Policy-2025.
- Aiming for an investment of Rs 1 lakh crore and five lakh jobs.
- Policy to promote wastewater treatment in urban areas.
- Amendments to land partition laws to improve land management.
- New initiatives for slum redevelopment and power loom subsidies.
Mumbai, Oct 7 (NationPress) The Maharashtra Cabinet, led by Chief Minister Devendra Fadnavis, has officially sanctioned the State Gems and Jewellery Policy-2025, aimed at enhancing the growth of industries related to gold, silver jewellery, diamonds, and gems.
The government anticipates attracting an investment of Rs 1 lakh crore and generating five lakh jobs in this domain.
In addition, the Cabinet has endorsed a policy for wastewater treatment in urban areas, promoting a circular economy through the recycling of wastewater. This initiative is designed to fortify the principles of sustainable wastewater management, environmental protection, and the creation of a healthier ecosystem. The policy will be rolled out across 424 urban local bodies in the state.
The Cabinet has also approved amendments to the Maharashtra Prohibition of Partition of Holding Lands and their Consolidation Act, 1947, with changes made to section 8 (b) and a new provision added to section 9.
To advance slum rehabilitation efforts aimed at making Mumbai free from slums, the Cabinet has greenlit the Slum Cluster Redevelopment Scheme.
Furthermore, the Cabinet has allocated 2 hectares 38 acres of land in Mouja Badnera for 30 years to the Amravati Municipal Corporation for establishing an e-bus depot and charging station under the Central government’s PME Bus Scheme.
The Cabinet has decided to implement the revised In-Service Assured Progress Scheme, providing benefits to non-teaching employees in private aided primary, upper primary, and secondary residential ashram schools of the Vijayabhaj category, as well as residential ashram schools for sugarcane workers. Approximately 980 ashram schools will be impacted.
An electricity subsidy of Rs 3 per unit has also been approved for private spinning mills as part of the Integrated and Sustainable Textile Policy, 2023-28. Mills in clusters will benefit from the State Industrial Cluster Development Scheme.
Power loom owners must register on the Textiles Commissionerate portal to avail themselves of the electricity subsidy, with registration required within six months after the government decision.
The Cabinet also sanctioned the establishment of a Senior Civil Court at Akole in Ahilyanagar district, along with the necessary posts for this court.
Point of View
The recent initiatives by the Maharashtra Cabinet reflect a strong commitment to economic development and sustainability. By focusing on the gems and jewellery sector, alongside addressing pressing urban issues like wastewater management and slum redevelopment, the government is paving the way for a more prosperous and sustainable future.
NationPress
07/10/2025
Frequently Asked Questions
What is the goal of the Maharashtra Gems and Jewellery Policy-2025?
The goal is to attract an investment of Rs 1 lakh crore and create five lakh jobs in the gems and jewellery sector.
How will the wastewater treatment policy impact urban areas?
The policy aims to promote sustainable management and recycling of wastewater across 424 urban local bodies, enhancing environmental protection.
What changes were made to the Maharashtra Prohibition of Partition Act?
The Cabinet approved amendments to omit certain provisions in the Act and introduce new ones to improve land management.
What is the Slum Cluster Redevelopment Scheme?
It is an initiative approved by the Cabinet to aid in making Mumbai free from slums through effective redevelopment strategies.
How can power loom owners benefit from the new subsidy?
Power loom owners can register on the Textiles Commissionerate portal to receive an electricity subsidy of Rs 3 per unit.
