GJEPC, Maharashtra government tie up for India’s largest jewellery park

By

Maverick Martins

Published
Feb 21, 2018

The Gem & Jewellery Export Promotion Council (GJEPC) has tied up with the Maharashtra Industrial Development Corporation (MIDC) to launch India’s biggest jewellery park in the city.
 

The Memorandum of Association (MoU) between the two parties was signed recently under which ‘India Jewellery Park Mumbai’ will be constructed on 25 acres of land with 4 million sq.ft of built in area.
 
The jewellery park is expected to bring in over Rs 13000 crore investments into the state over the next five years. It will also create over 1 lakh jobs for workers in the State of Maharashtra.

“GJEPC is committed and aligned to our Prime Minister, Narendra Modi’s vision of ‘Skill India’ & ‘Make in India’. Establishment of India Jewellery Park will contribute to the economic development of both Maharashtra and India, by facilitating investment, manufacturing, employment of manpower, trade and exports”, said Pramod Agarwal, Chairman GJEPC in a statement.
 
“This dynamic venture will provide effective support to jewellery manufacturers/ traders, who are interested to relocate, expand or invest in the state of Maharashtra and the region to initiate new business or strengthen their existing business, benchmarking with the Jewellery Park created in countries like China. Turkey, Italy, Thailand, etc,” Agarwal added.