India Jewellery Park in Navi Mumbai to generate 1 lakh jobs: Maharashtra CM
Benchmarks Nifty22,717.05117.05FEATURED FUNDS★★★★★UTI Aggressive Hybrid Fund Regular Plan-Growth5Y Return8.52 % Invest NowFEATURED FUNDS★★★★★Motilal Oswal Midcap Fund Direct-Growth5Y Return17.9 % Invest NowEnter search…
Benchmarks Nifty22,717.05117.05FEATURED FUNDS★★★★★UTI Aggressive Hybrid Fund Regular Plan-Growth5Y Return8.52 % Invest NowFEATURED FUNDS★★★★★Motilal Oswal Midcap Fund Direct-Growth5Y Return17.9 % Invest NowEnter search text:
He said this while conveying the desire that the state seeks to strengthen its position in India's gems and jewellery industry and expand its global footprint.
Fadnavis, along with Deputy Chief Minister Eknath Shinde, attended the project's commencement ceremony.
Speaking with the media, Fadnavis said the project was being developed under the aegis of the Gem and Jewellery Export Promotion Council (GJEPC) and would be the country's largest and most modern facility of its kind.
"This is a very significant day. Under the aegis of the Gem and Jewellery Export Promotion Council, a new India Jewellery Park is being developed in Mahape, Navi Mumbai. It will be the country's largest and most modern facility of its kind. An investment of approximately Rs 50,000 crore is planned, creating employment opportunities for 100,000 people," he told the reporters.
The Chief Minister said Prime Minister Narendra Modi envisions India becoming a global leader in the gems and jewellery sector.
"Our Prime Minister envisions India becoming a global leader in the gems and jewellery sector. Under his leadership, India is already among the world's leading nations in this field, but we aim to achieve much more. This project will play a crucial role in reaching that goal. Maharashtra is a key part of India's gems and jewellery industry, contributing 58% of the country's total exports. With this park, the state's leadership in the sector is expected to continue for the next 30 to 40 years," he added.
Speaking on the law and order situation in the state, Fadnavis said Maharashtra's strong law and order environment was one of the key reasons industries chose to invest in the state.
"Maharashtra has a strong law and order situation, which is why industries choose to invest here. Why is the state attracting the highest investment today? Why does it account for 40% of the country's FDI? Why has it become a hub for startups, unicorns and fintech? It is because of the law and order environment," he said.
The Chief Minister acknowledged that incidents do occur in the state but emphasised that the efficiency and speed of the police response were important in addressing them.
"Incidents do occur, and I am not denying that. However, what matters is how quickly and efficiently our police respond to them," Fadnavis said.
Add as a Reliable and Trusted News Source Add Now!
(You can now subscribe to our Economic Times WhatsApp channel)
Read More News onIndia Jewellery ParkMaharashtra Chief Minister Devendra Fadnavisgems and jewellery industryemployment generationinvestment in Maharashtrainvestment of Rs 50,000 croreGem and Jewellery Export Promotion Council
(You can now subscribe to our Economic Times WhatsApp channel)
Read More News onIndia Jewellery ParkMaharashtra Chief Minister Devendra Fadnavisgems and jewellery industryemployment generationinvestment in Maharashtrainvestment of Rs 50,000 croreGem and Jewellery Export Promotion Council
Maharashtra Chief Minister Devendra Fadnavis said the India Jewellery Park in Mahape, Navi Mumbai, is planned with an investment of around ₹50,000 crore and is expected to generate one lakh jobs. Developed under the Gem and Jewellery Export Promotion Council, the facility aims to strengthen India’s global position in the sector.
Maharashtra Chief Minister Devendra Fadnavis on Sunday announced that the India Jewellery Park project in Mahape, Navi Mumbai, is planned with an investment of approximately Rs 50,000 crore and is expected to generate one lakh jobs.He said this while conveying the desire that the state seeks to strengthen its position in India's gems and jewellery industry and expand its global footprint.
Fadnavis, along with Deputy Chief Minister Eknath Shinde, attended the project's commencement ceremony.
Speaking with the media, Fadnavis said the project was being developed under the aegis of the Gem and Jewellery Export Promotion Council (GJEPC) and would be the country's largest and most modern facility of its kind.
"This is a very significant day. Under the aegis of the Gem and Jewellery Export Promotion Council, a new India Jewellery Park is being developed in Mahape, Navi Mumbai. It will be the country's largest and most modern facility of its kind. An investment of approximately Rs 50,000 crore is planned, creating employment opportunities for 100,000 people," he told the reporters.
Live Events
The Chief Minister said Prime Minister Narendra Modi envisions India becoming a global leader in the gems and jewellery sector.
"Our Prime Minister envisions India becoming a global leader in the gems and jewellery sector. Under his leadership, India is already among the world's leading nations in this field, but we aim to achieve much more. This project will play a crucial role in reaching that goal. Maharashtra is a key part of India's gems and jewellery industry, contributing 58% of the country's total exports. With this park, the state's leadership in the sector is expected to continue for the next 30 to 40 years," he added.
Speaking on the law and order situation in the state, Fadnavis said Maharashtra's strong law and order environment was one of the key reasons industries chose to invest in the state.
"Maharashtra has a strong law and order situation, which is why industries choose to invest here. Why is the state attracting the highest investment today? Why does it account for 40% of the country's FDI? Why has it become a hub for startups, unicorns and fintech? It is because of the law and order environment," he said.
The Chief Minister acknowledged that incidents do occur in the state but emphasised that the efficiency and speed of the police response were important in addressing them.
"Incidents do occur, and I am not denying that. However, what matters is how quickly and efficiently our police respond to them," Fadnavis said.
Add as a Reliable and Trusted News Source Add Now!
(You can now subscribe to our Economic Times WhatsApp channel)
Read More News onIndia Jewellery ParkMaharashtra Chief Minister Devendra Fadnavisgems and jewellery industryemployment generationinvestment in Maharashtrainvestment of Rs 50,000 croreGem and Jewellery Export Promotion Council
(Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.)
...moreless(You can now subscribe to our Economic Times WhatsApp channel)
Read More News onIndia Jewellery ParkMaharashtra Chief Minister Devendra Fadnavisgems and jewellery industryemployment generationinvestment in Maharashtrainvestment of Rs 50,000 croreGem and Jewellery Export Promotion Council
(Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.)
...morelessStories you might be interested in
Source: Economic Times — Cons. Products ↗
Figures reflect the source report and its stated period. This article is for information and is not investment advice.
