Mumbai: Mr. Kirit Bhansali, Chairman of Gem & Jewellery Export Promotion Council (GJEPC) and Mr. Anoop Mehta, Convener, Diamond Panel & President, Bharat Diamond Bourse (BDB), yesterday met Hon’ble Chief Minister of Maharashtra Mr. Devendra Fadnavis to discuss key priorities concerning the growth and development of the gem and jewellery sector in the state.
The discussions focused on strategic initiatives aimed at strengthening Maharashtra’s position as a leading hub for the gem and jewellery industry and enhancing ease of doing business for the sector.
A key issue discussed was the implementation of the Maharashtra State Gem & Jewellery Policy 2025 — India’s first dedicated policy for the gem and jewellery sector, aimed at attracting investments worth ₹1 lakh crore and creating over 5 lakh jobs. The GJEPC leadership highlighted the need for early notification and operationalization of the policy framework. Mr. Fadnavis assured that the implementation process would be expedited, reaffirming the Government’s commitment to the growth of the sector.
The GJEPC leadership also discussed the progress of India Jewellery Park Mumbai (IJPM), including key infrastructure requirements and financial matters related to the project. Discussions on issues such as site readiness and interest waiver requests were held, with positive outcomes expected to support the timely advancement of the project.
The leadership further emphasised the need for a streamlined single-window permission mechanism for exhibitions and trade events organised by GJEPC in Mumbai. Given that Mumbai hosts major global events such as IIJS — the world’s second-largest gem and jewellery exhibition — a simplified approval process would significantly improve efficiency and facilitate ease of doing business.
The leadership also urged on the permission for extending metro within BDB, the same was also granted readily as it would support 30000- 40,000 people travelling to the bourse.
The Hon’ble CM was extremely supportive and extended all the desired commitments towards the growth of the industry. The meeting reflected the continued collaboration between industry and government towards creating a conducive environment for investment, manufacturing, exports and employment generation in the sector.
