Maharashtra Unveils Ambitious Gems & Jewellery Policy 2025

Mon Oct 13 2025

Overview

Maharashtra's cabinet has approved a new Gems & Jewellery Policy 2025, aiming to establish the state as a global leader in the jewellery sector. The policy targets ₹1 lakh crore in investments and aims to create 5 lakh new jobs. It covers gold, silver, diamonds, and precious stones, focusing on manufacturing enhancement, export promotion, innovation, skill development, infrastructure modernization, and ease of doing business. Industry bodies like GJEPC and GJC have welcomed the move, though private sector response has been mixed. Maharashtra becomes the first Indian state to implement such a dedicated policy for the gems and jewellery sector.

Maharashtra's cabinet has given the green light to a groundbreaking Gems & Jewellery Policy 2025, aiming to cement the state's position as a global powerhouse in the jewellery sector. This strategic move is set to reshape the landscape of India's gems and jewellery industry, with far-reaching implications for manufacturing, exports, and job creation.

Key Objectives and Targets

The policy sets forth ambitious goals that underscore Maharashtra's commitment to revitalizing its jewellery sector:

Objective	Target
Investment	₹1 lakh crore
Job Creation	5 lakh new jobs

Comprehensive Scope

The policy's reach extends across various segments of the industry, including:

• Gold
• Silver
• Diamonds
• Precious stones

Strategic Focus Areas

Maharashtra's Gems & Jewellery Policy 2025 aims to drive growth through:

1. Manufacturing Enhancement: Boosting production capabilities to meet global demand
2. Export Promotion: Facilitating increased international trade
3. Innovation Encouragement: Fostering new technologies and designs
4. Skill Development: Preparing the workforce for future industry needs
5. Infrastructure Modernization: Upgrading facilities to world-class standards
6. Ease of Doing Business: Streamlining processes to attract investments

Industry Reception

The policy has garnered positive responses from key industry bodies:

• Gem and Jewellery Export Promotion Council (GJEPC): Welcomed the move, highlighting the potential to strengthen Maharashtra's role in jewellery manufacturing, design, and exports
• Gems and Jewellery Council (GJC): Noted that Maharashtra has become the first Indian state to implement a dedicated policy framework for the sector

Private Sector Perspective

While industry bodies have shown enthusiasm, the private sector's response has been mixed. Utssav CZ Gold Jewels' Managing Director indicated that the policy might not have an immediate direct impact on current business operations.

Conclusion

The Maharashtra Gems & Jewellery Policy 2025 represents a significant step towards enhancing India's competitiveness in the global jewellery market. As the first state to introduce such a comprehensive policy, Maharashtra is positioning itself as a trendsetter in the industry. The success of this initiative will likely depend on effective implementation and the ability to adapt to evolving market dynamics.

While the policy's long-term impact remains to be seen, it undoubtedly signals Maharashtra's intent to play a pivotal role in shaping the future of India's gems and jewellery sector. Stakeholders across the industry will be watching closely as the policy unfolds, potentially setting a precedent for other states to follow.

Source: https://scanx.trade