Maharashtra Launches India Jewellery Park, Eyes ₹25,000 Crore Investment
Mumbai: Maharashtra aims to emerge as a global hub for jewellery manufacturing and exports with the launch of the India Jewellery Park project at Mahape in Navi Mumbai, Chief Minister Devendra Fadnavis said on Sunday. The 22-acre facility is expected to attract investments of around Rs 25,000 crore and generate one lakh direct and indirect employment opportunities, Deputy Chief Minister Eknath…
Maharashtra announces plans to build an India Jewellery Park, targeting a massive ₹25,000 crore investment to become a global hub for jewellery manufacturing and exports. The 22-acre facility, set to be constructed in Mahape, Navi Mumbai, aims to create one lakh jobs and attract significant investments. Chief Minister Devendra Fadnavis highlighted Mumbai and Maharashtra's existing strengths, including a skilled workforce, entrepreneurial tradition, and a robust industrial ecosystem, as pivotal to its success.
The project is seen as a strategic move to adapt to changing global trade dynamics, particularly in markets like the US and China, by promoting advanced technology and fostering innovation. Fadnavis emphasized the need for robust infrastructure, reliable power and water supply, and timely clearances to ensure the project's smooth progress.
He also stressed the importance of government-industry partnerships to meet Maharashtra's economic goals and contribute to India's vision of becoming a developed nation by 2047 and a $1 trillion economy.
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