Maharashtra to have world's largest gem and jewellery park worth Rs 60,000 crore
By Aditi T | First Published Dec 14, 2022, 5:30 PM ISTMaharashtra Deputy CM Devendra Fadnavis has directed 'all concerned departments to expedite the approval process for this most iconic project of this sector.' The facility is expected to create over 1 lakh jobs for both skilled and unskilled professionals.
Maharashtra will soon have one of the world's largest gems and jewellery parks, announced Deputy Chief Minister Devendra Fadnavis on Wednesday. The park will be set up in Navi Mumbai, with an estimated investment of Rs 60,000 crore, generating one lakh skilled and unskilled jobs.
💎𝐖𝐨𝐫𝐥𝐝’𝐬 𝐨𝐧𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐥𝐚𝐫𝐠𝐞𝐬𝐭 𝐆𝐞𝐦𝐬 & 𝐉𝐞𝐰𝐞𝐥𝐥𝐞𝐫𝐲 𝐏𝐚𝐫𝐤 𝐢𝐧 𝐌𝐚𝐡𝐚𝐫𝐚𝐬𝐡𝐭𝐫𝐚!💎
Estimated investment : ₹60,000 crore
Employment Generation : 1,00,000 (skilled + unskilled) pic.twitter.com/HLCLVDrgtD
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According to the minister's tweet, the park will be spread over 80 acres and be one-of-its-kind manufacturing to the retail park and the largest such facility in the country.
Fadnavis tweeted, "Spread across more than 80 acres (25 acres in Phase 1), this will be one of the world's largest gem and jewellery parks."
Spread over more than 80 acre (25 acre in Phase 1), this will be one of the largest Gem and Jewellery parks in the World.
With an estimated investment of ₹60,000 crore, this one of its kind manufacturing to retail park will be the largest facility of its kind. pic.twitter.com/bLIAGGBHo7
Fadnavis also said that a delegation from the India Bullion & Jewellers Association (IBJA) met with him a few days ago with a proposal to establish a state-of-the-art Gems & Jewellery Park in Navi Mumbai. The facility is expected to create over 1 lakh jobs for both skilled and unskilled professionals.
"The park will generate over 100,000 skilled and unskilled workers directly and indirectly," he said.
The Maharashtra Deputy CM also said he has directed 'all concerned departments to expedite the approval process for this most iconic project of this sector.'
The gems and jewellery industry contributes approximately 7 per cent of India's GDP and employs over 50 lakh people.
According to the government, this industry also helped India reach the $400 billion merchandise export milestone in the previous fiscal year by contributing 10 per cent of the value.
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