The Gem and Jewellery Export Promotion Council on Wednesday welcomed Maharashtra’s approval of the Gems and Jewellery Policy 2025, calling it a major boost for manufacturing, exports, and employment in the state. The policy aims to draw investments worth Rs 1 lakh crore and create more than 5 lakh jobs, positioning Maharashtra as a global center for jewellery production and design.
Council chairman Kirit Bhansali said the initiative will enhance the state’s leadership in the sector while driving progress in skill development, technology, and value addition. The Council collaborated with the state’s Department of Industries for over a year to develop the policy through consultations and industry feedback.
The new framework seeks to modernize manufacturing units, encourage innovation, and expand training infrastructure, according to the Council. Bhansali stated that the policy will open new avenues for investment and enhance Maharashtra’s competitiveness in the global market.
India’s overall gems and jewellery exports rose 5.12 percent to $2.12 billion (Rs 18,529.08 crore) in August, up from $2.01 billion (Rs 16,896.04 crore) a year earlier, GJEPC data showed.
Council chairman Kirit Bhansali said the initiative will enhance the state’s leadership in the sector while driving progress in skill development, technology, and value addition. The Council collaborated with the state’s Department of Industries for over a year to develop the policy through consultations and industry feedback.
The new framework seeks to modernize manufacturing units, encourage innovation, and expand training infrastructure, according to the Council. Bhansali stated that the policy will open new avenues for investment and enhance Maharashtra’s competitiveness in the global market.
India’s overall gems and jewellery exports rose 5.12 percent to $2.12 billion (Rs 18,529.08 crore) in August, up from $2.01 billion (Rs 16,896.04 crore) a year earlier, GJEPC data showed.
