GJEPC and Bharat Diamond Bourse (BDB) organised an Interactive Session on the Maharashtra Gems and Jewellery Policy Framework, in Mumbai on 11th December, drawing industry leaders for a focused discussion on the State’s policy roadmap. The session set up a clear context for why the new framework matters and how it could guide the industry’s next phase of expansion.
Shri Deependra Singh Kushwaha, IAS, Development Commissioner (Industries), Government of Maharashtra, delivered the keynote, outlining the Maharashtra Gems and Jewellery Policy 2025. He detailed the State’s plan to attract ₹1,00,000 crore in investments, create 5 lakh jobs, formalise operations, and double exports from USD 15 billion to USD 30 billion. The strategy focuses on improved infrastructure and simplified business processes.
Shri Mehul Shah, Vice President, Bharat Diamond Bourse and Shri Sabyasachi Ray, Executive Director, GJEPC, highlighted the significance of the proposed State policy for the industry’s future growth.
Key measures include new jewellery clusters, plug-and-play facilities, warehouse hubs, digital trade platforms, local sourcing centres, and an extensive fiscal support package. Incentives span capital subsidies, SGST reimbursement, interest and power tariff assistance, and dedicated benefits for MSMEs and women, SC and ST entrepreneurs. The policy also provides support for skill development, plant and machinery subsidies, and the development of a new jewellery park.