The Maharashtra Cabinet, chaired by Chief Minister Devendra Fadnavis, on Monday approved the Maharashtra Gems and Jewellery Policy 2025, aimed at attracting ₹1 lakh crore in investment and creating five lakh new employment opportunities across the state.

The policy, which will be in effect from 2025 to 2030, also seeks to double the state’s exports in the sector from USD 15 billion to USD 30 billion, establishing Maharashtra as a global hub for gems and jewellery manufacturing and trade.

Major Financial Outlay and Incentives

To ensure effective implementation, the government has made a budgetary provision of ₹1,651 crore for incentives under the policy. Additionally, an estimated ₹12,184 crore has been earmarked for the period between 2031 and 2050, bringing the total outlay to ₹13,835

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