Maharashtra Gems and Jewellery Policy 2025: Transforming India's Diamond and Jewellery Hub

 Maharashtra's Ambitious Blueprint to Become a Global Gems & Jewellery Powerhouse

The Maharashtra Gems and Jewellery Policy 2025, announced on November 12, 2025, represents a transformative initiative to position the state as a world-class hub for gems and jewellery manufacturing, innovation, and exports.

Key Highlights:

Vision & Scale:

  • Target investment: ₹1,00,000 crore over the policy period
  • Job creation: 5 lakh new employment opportunities
  • Goal: Double the sector's exports and strengthen Maharashtra's position as India's leading gems & jewellery export center

Major Infrastructure Projects:

  1. India Jewellery Park Mumbai (IJPM), Navi Mumbai
    • 21-acre integrated facility with customs office, treatment plants, and vaulting systems
    • Expected to create 1 lakh+ jobs
    • Estimated investment: ₹50,000 crore
  2. Bharat Diamond Bourse (BDB)
    • World's largest diamond trading hub (20 acres, 2 million sq. ft.)
    • Employs 60,000+ people
    • Handles 20,000 Kimberley Process certificates annually
  3. SEEPZ Mumbai
    • 111-acre export processing zone
    • Contributes 30%+ of India's jewellery exports
    • Houses 400+ units with 35,000+ skilled workers

Strategic Pillars:

  • Advanced Infrastructure: Development of plug-and-play facilities, digital trade hubs, and specialized clusters in Nashik, Nagpur, Kolhapur-Sangli, and other cities
  • R&D Focus: Investment in lab-grown diamonds, sustainable practices, AI-driven grading, and blockchain traceability
  • Skill Development: Partnerships with global institutes, internship programs, and specialized training for 500+ candidates
  • Export Promotion: "Find Your Maharashtra Partner" B2B platform, international fair participation, and geographical indication support

Financial Incentives:

  • Industrial Promotion Subsidy: 100% SGST refund for 10 years
  • Capital Subsidy: 20-25% of fixed capital investment (up to ₹50 crore for mega units)
  • Interest Subsidy: 5% per annum for 5 years
  • Stamp Duty & Electricity Duty: 100% exemption for eligible units
  • Additional FSI: Up to 200% for MSME clusters

Sustainability & Innovation:

  • Carbon-neutral hub initiatives for BDB and SEEPZ
  • Green energy reimbursement of 25% (up to ₹50 lakh)
  • Support for lab-grown diamond seed manufacturing
  • Blockchain-based industry ledger for transparency

Special Focus Areas:

  • Women entrepreneurs and SC/ST entrepreneurs receive additional 5% capital subsidy
  • Support for cultured pearl production
  • Dedicated design studios and packaging innovation centers
  • 24x7 operations with regulatory support

Market Impact: Maharashtra currently accounts for 18% of India's gems & jewellery GVA, projected to reach USD 2 billion by 2028 with a 15% annual growth rate. The policy aims to formalize informal businesses, enhance global competitiveness, and establish Maharashtra as the preferred destination for international jewellery brands and manufacturers.

With a total budget of ₹13,835 crore (₹1,651 crore for 2025-30 and ₹12,184 crore for 2031-50), this policy represents one of India's most comprehensive sectoral initiatives, combining traditional craftsmanship with cutting-edge technology to secure Maharashtra's position as a global gems and jewellery powerhouse.

Policy Validity: 5 years from announcement or until a new policy is introduced

For More Information: Visit www.maharashtra.gov.in (Reference Code: 202511121225040710)

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