MUMBAI: The Maharashtra government announced its Gems and Jewellery Policy 2025 on Wednesday, aiming to attract investments of Rs 1 lakh crore and create 5 lakh new jobs in the sector over the next five years.

The policy envisages financial incentives of an estimated Rs 1,651 crore 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, according to a government resolution (GR) issued by the Industry Department.

The policy is valid for five years or until a new plan is introduced, the GR said.

The government has allocated Rs 100 crore in budgetary provisions for the current financial year 2025-26 under a dedicated mandatory head for policy implementation, according to the order.

Maha

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