Maharashtra Gems and Jewellery Policy 2025

Maharashtra Gems and Jewellery Policy 2025

Complete Summary & Key Highlights

📊 Policy Overview

Effective Period: 5 years (2025-2030) or until new policy announcement
Total Estimated Budget: ₹13,835 Crore

Policy Period (2025-30): ₹1,651 Crore
Next 20 years (2031-50): ₹12,184 Crore

Initial Budget Allocation: ₹100 Crore for FY 2025-26

🎯 Core Objectives

Investment & Employment

Target Investment: ₹1,00,000 Crore
Job Creation: 5,00,000 new positions
Export Growth: Double current exports
Formalization: Transform informal businesses into recognized enterprises

Vision

Position Maharashtra as a global hub for gems and jewellery by:

Integrating traditional craftsmanship with advanced technology
Promoting innovation, sustainability, and inclusivity
Building future-ready ecosystem

🏗️ Infrastructure Development Initiatives

1. India Jewellery Park Mumbai (IJPM), Navi Mumbai

Area: 21 acres in Mahape Industrial Area
Expected Investment: ₹50,000 Crore
Job Creation: 1,00,000+ positions
Features:
- Customs office
- Effluent treatment plant
- Centralized vaulting system
- One-stop destination for manufacturers
FSI Benefit: Up to 4 FSI available

2. Bharat Diamond Bourse (BDB), Mumbai

World's largest diamond trading hub

Area: 20 acres, 2 million sq. ft.
Offices: 2,500 offices in 9 interconnected towers
Employment: 60,000 individuals
Special Features:
- India Diamond Trading Centre (IDTC) - 4,000 sq. ft. SNZ
- Kimberley Process compliance (20,000 certificates annually)
- 4 vaults with 24,500 safe deposit lockers
- 500+ security personnel, 3,500 CCTV cameras

3. SEEPZ (Santacruz Electronics Export Processing Zone)

Area: 111 acres
Units: 400+ industrial units (170 in gems & jewellery)
Export Share: 30%+ of India's jewellery exports
Employment: 35,000+ skilled workers
Tax Benefits:
- 100% income tax exemption (first 5 years)
- 50% exemption (next 5 years)
- Duty-free imports allowed

🆕 New Strategic Initiatives

Carbon-Neutral Hubs

Transform BDB and SEEPZ into environmentally sustainable centres
Renewable energy adoption
Green building practices
Effective waste management

Technology Integration

AI, Blockchain, IoT deployment
Smart manufacturing systems
Digital platforms for trading
Enhanced security and transparency

Lab-Grown Diamond Ecosystem

Dedicated micro-cluster at IJPM
Support for seed manufacturing units
Financial incentives for startups and MSMEs
Reduce import dependence

Women in Gems & Jewellery

Specialized skilling programs
Mentoring and employment initiatives
Strengthen workforce diversity

🎓 Skill Development Programs

Industry-Academia Partnerships

Collaboration with Indian Institute of Gems & Jewellery (IIGJ)
Joint curriculum development
Mandatory apprenticeship framework
Global certification programs

Training Support

50% subsidy on international course fees (up to ₹1 Lakh)
Institutions: Gübelin Academy, GIA, HRD Antwerp
Limit: 500 candidates during policy period

Internship & Apprenticeship

Under Chief Minister's Yuva Karya Prashikshan Yojana (CMYKPY)
Duration: 6 months to 3 years
20% reimbursement of training costs (up to ₹20,000 per candidate)
Maximum: 300 candidates

💰 Financial Incentives

Zone Classification

Zone 1: Mumbai Metropolitan Region (MMR) + Pune Metropolitan Region (PMR)
Zone 2: Rest of Maharashtra

Enterprise Categories

Category	P&M Investment	Total Investment	Employment
MSME	Up to ₹125 Cr	-	10-100
Large	Min ₹125 Cr	₹125-500 Cr	100-250
Mega	-	₹500-1,000 Cr	250-500
Ultra Mega	-	Above ₹1,000 Cr	500+

Capital Subsidy Structure

Unit Type	Subsidy Rate	Maximum Amount	Annual Ceiling	Max Units
MSME	20% of FCI	₹10 Crore	₹1 Crore	500
Large	20% of FCI	₹25 Crore	₹2.5 Crore	50
Mega/Ultra Mega	20% of FCI	₹50 Crore	₹5 Crore	40
Cultured Pearl/Lab Diamond	25% of FCI	₹10 Crore	₹1 Crore	100

Export-Oriented Unit (EOU) Incentives

EOU Type	Incentive	Annual Ceiling	Overall Ceiling	Unit Limit
100% EOU	2% of turnover	₹4 Crore	₹20 Crore	10/district
>50% EOU	1% of turnover	₹2 Crore	₹10 Crore	10/district

Additional Financial Benefits

Interest Subsidy: Up to 5% per annum for 5 years (max ₹10 Crore)
Stamp Duty: 100% exemption for land acquisition
Electricity Duty: 100% exemption for 10 years (Parks/SEZ/100% EOU)
Power Tariff Subsidy:
- Zone 1: ₹1/kWh for 3 years
- Zone 2: ₹2/kWh for 3 years
EPF Contribution: 50% reimbursement for new employees (3 years)
Green Energy: 25% subsidy up to ₹50 Lakh

📦 Cluster Development

Financial Support

75% grant for 20 clusters development
Maximum: ₹10 Crore per cluster
Timeline: 4 clusters per year

Target Cities for New Clusters

Navi Mumbai
Nashik
Nagpur
Chhatrapati Sambhaji Nagar
Kolhapur-Sangli
Amravati

Common Facility Centers (CFCs)

Hallmarking services
Testing laboratories
Secure vaulting
Digital sales support

Additional FSI Benefits

200% additional FSI for MSMEs in clusters
Zone 1: 50% premium payment required
Zone 2: No premium payment

🌍 Export Promotion Initiatives

1. Find Your Maharashtra Partner

B2B matchmaking platform
Connect local manufacturers with international buyers
Virtual showcases and business proposals

2. Fair Participation Support

Domestic Events:

₹1 Lakh per unit (50% of costs)

International Events:

₹3 Lakh per unit (50% of costs)
Maximum 2 times per unit during policy period

Association Support:

Maharashtra Pavilion: 50% reimbursement (₹5 Lakh annually)
National events: Up to ₹10 Lakh
International events: Up to ₹20 Lakh

3. MOOWR Scheme Expansion

Manufacturing & Other Operations in Warehouse
Duty-free raw material imports
Deferred customs duties
Task Force for implementation

🔬 Research & Development Focus

Material Science

Natural and lab-grown diamonds research
AI-driven grading systems
Blockchain traceability
Sustainable mining practices

Quality Assurance

NABL-accredited labs (50% subsidy, ₹50 Lakh max)
Blockchain-based industry ledger
QR/Jewel ID verification
Collaboration with GJEPC and Bharat Web3 Association

Innovation Areas

3D-printed jewellery
Biodegradable materials for fashion jewellery
AR applications for smart jewellery
Cultured pearl farming technology

🏢 Special Category Incentives

Inclusive Entrepreneurship

Women Entrepreneurs:

Additional 5% capital subsidy
Minimum 50% women workforce required

SC/ST/PwD Entrepreneurs:

Additional 5% capital subsidy
Minimum 50% workforce from respective categories

Differently-Abled Employment

Additional 5% capital subsidy (25% PwD workforce)
100% skill development reimbursement (₹50,000 per employee)

🎨 Design & Innovation Support

Design Studios

₹10 Lakh grant or 50% costs (whichever lower)
Software licensing support
CAD/CAM and prototyping tools
Eligible: 36 studios

Branding & Marketing

50% reimbursement up to ₹5 Lakh
For units with ≤100 employees
Covers packaging, catalogues, digital content
Maximum: 100 companies

🏛️ Institutional Framework

Governance Structure

High Power Committee - As per Industrial Policy
Cabinet Sub-Committee - Policy approvals
Policy Monitoring Unit (PMU) - Implementation oversight
- Headed by Development Commissioner (Industries)
State-Level Monitoring Committee
- Headed by Secretary (Industries)

Key Implementing Agency

Directorate of Industries, Maharashtra

📋 Eligibility Criteria

Eligible Entities

Proprietorships
Partnership firms
Cooperative societies
Companies (registered under Companies Act, 2013)
Limited Liability Partnerships (LLPs)
Trusts
Alternate Investment Funds (AIFs)
PPP projects
Joint Ventures
Consortium of companies

Qualifying Activities

Jewellery manufacturing
Cutting and polishing of gems
Packaging and production
Lab-grown diamonds
Cultured pearls
Gold, silver, platinum jewellery
Coloured gemstones
Imitation jewellery

Mandatory Requirements

Valid Udyam Registration OR
Industrial Entrepreneur's Memorandum (IEM)

🌟 Unique Features

1. Maharashtra Gemstone Grading & Certification System (MGGCS)

Standardized assessment for coloured stones
Numerical grading scale
Developed in consultation with GJEPC

2. Comprehensive Gemstone Database

Digital repository of mining to retail
Origin tracking
Quality assessments
Trade history documentation

3. Geographic Indication (GI) Support

Paithani-inspired motifs
Kolhapuri Saaj
Tribal ornaments
Heritage branding

📊 Economic Impact Projections

Maharashtra's Sectoral Growth

Current GVA contribution: 18% of India's total
2022 GVA: USD 4 billion
2028 Target: USD 6 billion
Annual Growth Rate: 15%
Expected Export Contribution: USD 1 billion

India's Position

Global Rank: 8th largest exporter (2024)
Share of World Exports: 3.2%
GDP Contribution: 7%
Merchandise Export Share: 15.71%
Western India's Export Contribution: 74.66% (2022-23)

🛠️ Business Facilitation

MAITRI Single Window System

G2B and B2B platforms
Time-bound clearances
Digital processing
24x7 operations permitted

Pre-Approved Clearances (Plug-and-Play)

Building plan approvals
Water supply connection
Electricity connection

Infrastructure Guarantees

24x7x365 power supply
Exemption from statutory power cuts
Open access electricity
Continuous water supply (MIDC areas)

🔄 Convergence with Other Schemes

Central Government Schemes

PM Vishwakarma Scheme
RAMP (Raising & Accelerating MSME Performance)
International Cooperation Scheme
MSE-Cluster Development Programme

State Government Schemes

Chief Minister's Employment Generation Programme (CMEGP)
Maharashtra State Industrial-Cluster Development Programme (MSI-CDP)
Maharashtra Export Promotion Policy 2023
Maharashtra IT & ITeS Policy 2023

Note: Benefits cannot be combined to exceed 120% of eligible FCI

⚠️ Important Conditions

Maximum Incentive Cap

Total incentives ≤ 120% of eligible Fixed Capital Investment (FCI)
Applicable across all policies and schemes

Anchor Units (100 designated)

50 each for Zone 1 and Zone 2
Priority land allotment
Time-bound clearances
Customized incentive packages

Policy Budget Allocation

1% or ₹10 Crore per year (whichever lower) reserved for:
- Policy promotion
- Public outreach
- Capacity building
- Investment promotion
- Impact monitoring
- PMU operations

📞 Key Contact Points

Industries Department
Government of Maharashtra
Madam Cama Road, Hutatma Rajguru Chowk
Mantralaya, Mumbai 400 032

Digital Reference Code: 202511121225040710
Website: www.maharashtra.gov.in

🎯 Success Factors

Strategic Advantages

Mumbai as Global Hub: BDB + SEEPZ ecosystem
Policy Convergence: Integration with multiple schemes
Technology Focus: AI, blockchain, IoT adoption
Sustainability: Carbon-neutral targets
Skill Development: Global partnerships and training
Export Infrastructure: Dedicated corridors and secure nodes
Financial Support: Comprehensive incentive structure
MSME Focus: 80%+ incentives targeted at small players

Innovation Pillars

Lab-grown diamond seed manufacturing
3D printing and AR applications
Blockchain-based certification
Sustainable and ethical sourcing
Women entrepreneurship promotion

📅 Timeline & Milestones

Policy Announcement: November 12, 2025
Validity: 5 years or until new policy
First Year Budget: ₹100 Crore (FY 2025-26)
Cabinet Approval Date: October 7, 2025

🎓 Key Takeaways

Largest sectoral policy for gems & jewellery in India
₹1 Lakh Crore investment target with government support of ₹13,835 Crore
5 Lakh jobs to be created across value chain
World-class infrastructure with IJPM, BDB, and SEEPZ
Export doubling through dedicated promotion programs
Technology-first approach with AI, blockchain integration
Sustainability focus with carbon-neutral goals
MSME empowerment through 500+ targeted capital subsidies
Skill development with global partnerships
Complete ecosystem from mining to retail

This policy positions Maharashtra as the undisputed leader in India's gems and jewellery sector, creating a blueprint for sustainable, technology-driven, and inclusive growth that can serve as a model for other states.