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Maharashtra Clears 2025 Gems and Jewellery Policy to Double Exports, Create 5 Lakh Jobs

Targeted incentives with streamlined approvals aim to draw ₹1 lakh crore by 2030.

Overview

  • State cabinet approval sets the policy in force for 2025–2030 with a goal of lifting sector exports from $15 billion to $30 billion.
  • The government has earmarked ₹1,651 crore for incentives, with ₹100 crore allocated in FY 2025–26 to kick-start rollout and a longer-term estimate taking total outlay to ₹13,835 crore.
  • Measures include interest subsidies, stamp and electricity duty concessions, EPF support, export and branding assistance, single-window clearance, and plug-and-play facilities.
  • The framework enables cluster development, 24x7 operations, mixed-use development, and additional FSI for parks to expand manufacturing capacity.
  • The policy prioritizes technology adoption such as lab-grown diamonds, blockchain-based traceability, and digital trading, coupled with R&D and skill development.