Industry; getting ready to bring in more investments

While thanking Dr. Devendra Fadnavis for his support and vision, Vipul Shah, Chairman, GJEPC, said, now, with the Jewellery Park coming up in Navi Mumbai with the support of Maharashtra Government, our industry is getting ready to bring in more investments from abroad. The Jewellery Park brings with it several government-backed advantages.

It’s a one-stop-shop with the Single Window Clearance for government approvals under the Maitri Policy, making processes smoother and faster. Additionally, the State Government has offered relief in power tariff and electricity charges, among other benefits. These initiatives significantly ease the path for businesses, ensuring efficiency and reducing operational costs, ultimately fostering a thriving environment within the park.

Talking about the mega CFC in SEEPZ, Mumbai, Shah said, GJEPC, with the support of the Ministry of Commerce and Industry has set up a Mega CFC at SEEPZ in Mumbai, which will be launched soon. This groundbreaking initiative aims to enhance the manufacturing capacity of the industry, foster technological advancements, and provide comprehensive skill development opportunities.

Shah said, The Indian gem & jewellery industry shares our beloved Prime Minister’s dream of becoming a US dollars 5 trillion economy by 2030 and be a first world nation by 2047. To take part in that Sankalp to be Viksit Bharat, our goal is to reach USD 75 billion exports by the year 2030 and USD 100 billion by 2047. Maharashtra is already a big player in the Indian gem and I am sure that Maharashtra will continue to be leading exporters from the country as we set higher goals.

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