4 hours ago
The new policy seeks to promote manufacturing, exports, innovation, skill development, and infrastructure modernisation across segments including gold, silver, diamonds, and precious stones.
By Anshul October 13, 2025, 12:37:40 PM IST (Published)
The Maharashtra Cabinet has formally approved the Gems & Jewellery Policy 2025, aimed at positioning the state as a significant player in the global jewellery sector. The policy targets ₹1 lakh crore in investments and the creation of five lakh jobs over the coming years.
The new policy seeks to promote manufacturing, exports, innovation, skill development, and infrastructure modernisation across segments including gold, silver, diamonds, and precious stones.
It is also expected to enhance the ease of doing business for industry players in the state.
Industry bodies have broadly welcomed the move.
The Gem and Jewellery Export Promotion Council (GJEPC) said the policy could strengthen Maharashtra’s role in jewellery manufacturing, design, and exports.
GJEPC chairman Kirit Bhansali highlighted that the initiative could introduce new opportunities in skilling, technology upgradation, and value addition, potentially raising the state’s global competitiveness in the sector.
The All India Gem & Jewellery Domestic Council (GJC) noted that Maharashtra is the first state in India to introduce a dedicated policy framework for the sector. GJC chairman Rajesh Rokade said the policy demonstrates the government’s recognition of the industry’s potential in driving employment, exports, and investment.
GJC vice chairman Avinash Gupta described it as a forward-looking step aligned with India’s broader economic goals.
From the private sector, Pankaj Kumar Jagawat, Managing Director of Utssav CZ Gold Jewels, welcomed the policy but said it is unlikely to have a direct impact on the company’s current business operations, which continue to be driven by design innovation, retail partnerships, and international expansion.
-With PTI inputs
