Maharashtra’s new gem and jewellery policy to push exports, create jobs: GJEPC
Mumbai, Oct 8 (IANS) The Gem and Jewellery Export Promotion Council (GJEPC) on Wednesday hailed Maharashtra’s decision to approve the Gems and Jewellery Policy 2025, saying the move will give a strong push to the entire ecosystem — from manufacturing and exports to skill development and employment generation.
The policy aims to attract investments worth Rs 1 lakh crore and create over 5 lakh new jobs, marking a major step towards transforming Maharashtra into a global hub for jewellery manufacturing, exports, and design.
“This landmark initiative will not only strengthen Maharashtra’s position as a leading jewellery manufacturing centre but also bring about a qualitative leap in areas such as skilling, technology upgradation, and value addition,” said GJEPC chairman Kirit Bhansali.
GJEPC, has been actively working with the Department of Industries, government of Maharashtra, for the past one and a half years on developing this policy framework.
Through several consultations and stakeholder meetings, GJEPC provided valuable inputs to ensure that the policy addresses the industry’s evolving needs — from manufacturing and infrastructure to skilling and export facilitation, according to a GJEPC statement.
The new policy “is designed to promote ease of doing business, modernize manufacturing units, encourage innovation, and strengthen training and skilling infrastructure across the state,” said the Council.
“With this policy, we foresee new opportunities for investment, innovation, and job creation — paving the way for Maharashtra to set new global benchmarks in the gems and jewellery sector,” Bhansali noted.
The policy is expected to enhance the competitiveness of the industry, attract domestic and international investors, and further cement Maharashtra’s role as the heart of India’s jewellery economy.
Meanwhile, India’s overall gross exports of gems and jewellery recorded a 5.12 per cent growth to $2.12 billion (Rs 18,529.08 crore) in August this year compared to the corresponding figure of $2.01 billion (Rs. 16,896.04 crore) for the same period of the previous year, according to GJEPC data.
–IANS
sps/na
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by BhaskarLive.in and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of BhaskarLive.in We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, BhaskarLive.in takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
