Maharashtra’s 2025 Gems & Jewellery Policy Targets ₹1 Lakh Crore Investment and 5 Lakh Jobs

The Maharashtra Cabinet has formally approved the Gems & Jewellery Policy 2025, setting out an ambitious framework to position the state as a key player in the global jewellery sector. 

The policy targets investments worth ₹1 lakh crore and aims to generate five lakh jobs over the coming years, signalling a focused effort to enhance both economic growth and employment opportunities in the sector.

Focus on Manufacturing, Exports, and Innovation

The new policy covers multiple segments, including gold, silver, diamonds, and precious stones. It seeks to promote manufacturing, support exports, and drive innovation across design and production processes. 

In addition, the policy emphasises infrastructure modernisation, enabling industry players to adopt advanced technologies and improve operational efficiency. By fostering skill development, the framework also aims to create a workforce equipped to meet the sector’s evolving needs.

Ease of Doing Business for Industry Players

Beyond production and exports, the policy is designed to simplify regulatory processes, thereby enhancing the ease of doing business for both domestic and international companies operating in Maharashtra. 

Streamlined approvals, support for technology adoption, and incentives for value addition are expected to make the state a more attractive destination for investment in the gems and jewellery sector.

Industry Response and Expectations

The policy has received a positive response from industry bodies. The Gem and Jewellery Export Promotion Council (GJEPC) noted that the initiative could strengthen Maharashtra’s role in manufacturing, design, and export activities. Industry representatives highlighted opportunities in skilling, technology upgrades, and value addition, which may increase the state’s global competitiveness.

The All India Gem & Jewellery Domestic Council (GJC) observed that Maharashtra is the first state in India to introduce a dedicated policy for the sector. The council described the policy as a recognition of the industry’s potential to drive exports, investment, and employment, aligning with India’s broader economic objectives.

Private Sector Perspective

Several companies in the private sector have also acknowledged the policy. While welcoming the framework, some noted that its impact on current operations may be limited, as business growth continues to be guided by design innovation, retail expansion, and international partnerships.

Read more: Gold and Silver ETFs Command 72% of Passive Fund

Conclusion

Maharashtra’s Gems & Jewellery Policy 2025 represents a structured approach to strengthen the state’s position in the global jewellery market. By focusing on investment, employment, innovation, and infrastructure, the policy sets the stage for long-term growth, skill development, and enhanced competitiveness across the sector.

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