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Maharashtra Approves 2025–30 Gems and Jewellery Policy Targeting ₹1 Lakh Crore Investment

A ₹1,651 crore incentive package, with ₹100 crore in 2025–26, sets up an immediate rollout.

Overview

  • The cabinet chaired by Chief Minister Devendra Fadnavis cleared the policy to position the state as a global manufacturing and export hub.
  • Goals include attracting ₹1 lakh crore in investment, creating five lakh jobs and raising sector exports from $15 billion to $30 billion by 2030.
  • Funding provides ₹1,651 crore for near‑term incentives with a total projected outlay of ₹13,835 crore, including ₹12,184 crore earmarked for 2031–2050.
  • Measures promise interest subsidies, duty concessions, power tariff rebates, EPF assistance, cluster support, single‑window clearances, plug‑and‑play facilities, uninterrupted utilities and extra FSI with 24x7 park operations.
  • The plan emphasizes advanced technologies such as lab‑grown diamonds, blockchain traceability and digital trading as Maharashtra leverages hubs like the Bharat Diamond Bourse and SEEPZ.