Maharashtra Unveils Gems and Jewelry Policy, Targets Rs 1 Lakh Crore Investments

The Maharashtra government has unveiled its Gems and Jewellery Policy 2025, a strategic initiative to drive growth and investment in the state's jewelry industry. Announced on November 12, 2025, the policy sets ambitious targets, aiming to attract Rs 1 lakh crore in investments and create 500,000 new jobs in the sector over the next five years.

To achieve these goals, the government has allocated a substantial financial package. According to the government resolution, the policy will provide an estimated Rs 1,651 crore in incentives during the 2025-30 period, with an additional Rs 12,184 crore allocated for the subsequent 20 years (2031-2050), bringing the total outlay to Rs 13,835 crore.

The policy is valid for five years or until a new plan is introduced, and the government has earmarked Rs 100 crore in the current financial year's budget for its implementation. This comprehensive approach underscores Maharashtra's commitment to positioning itself as a hub for the gems and jewelry industry, leveraging its existing strengths and creating new opportunities for businesses and job seekers alike.