By Bl Mumbai Bureau
Copyright thehindubusinessline
The first-ever policy for the gems and jewellery industry unveiled by the Maharashtra government targets to attract ₹1 lakh crore investment and create over 5 lakh new jobs transforming the state to a global hub for jewellery manufacturing, exports and design.
The Maharashtra State Gem and Jewellery Policy 2025 is designed to promote ease of doing business, modernise manufacturing units, encourage innovation and strengthen training and skilling infrastructure across the state.
The new policy will give a strong push to the entire ecosystem including manufacturing, employment generation, skill development and exports.
The Gem and Jewellery Export Promotion Council (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. GJEPC has provided valuable inputs to ensure that the policy addresses the industry’s evolving needs.
Kirit Bhansali, Chairman, GJEPC said with the new policy the industry foresee new opportunities for investment, innovation and job creation to pave the way for Maharashtra to set new global benchmarks in the gems and jewellery sector.
Uday Samant, Minister for Industries, Maharashtra government said the new gem and jewellery policy will 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.
The All India Gem & Jewellery Domestic Council said the policy is set to transform Maharashtra into a globally competitive centre for jewellery manufacturing, trade and design, contributing significantly to India’s vision of becoming a $5 trillion economy.
Rajesh Rokade, Chairman, GJC, said the Council stands with the government in its mission to empower the domestic trade, strengthen infrastructure and make India a global jewellery powerhouse.
Avinash Gupta, Vice Chairman, GJC said the Council is committed to supporting the policy’s implementation across multiple fronts including expanding skill development programs for artisans and newcomers through accredited training centres and industry partnerships, assisting in the establishment of modern manufacturing clusters with advanced technology, infrastructure, and compliance support.
Published on October 8, 2025