India's Maharashtra State Deputy Chief Minister Devendra Fadnavis stated that the Gems & Jewellery Park in Navi Mumbai and the Common Facility Centre (CFC) at Santacruz Electronics Export Processing Zone (SEEPZ) Special Economic Zone will contribute $75 bn to India’s export goal by 2030.
While speaking at the inauguration of the India International Jewellery Trade Show (IIJS) 2024 in Goregaon, Mumbai, Fadnavis emphasized that these initiatives will establish a new ecosystem in the gems and jewelry industry, ensuring Maharashtra’s continued prominence as a leading exporter.
The completion of the Common Facility Centre (CFC) at SEEPZ in just 17 months will enable exporters, particularly in the Micro, Small and Medium Enterprises (MSME) sector, to experience hassle-free shipment and paperwork.
Expressing gratitude to the Maharashtra Government for its support, Mr Vipul Shah, Chairman of Gem & Jewellery Export Promotion Council, stated that the jewelry park in Navi Mumbai will serve as a one-stop-shop. It will offer Single Window Clearance for government approvals under the Maitri Policy, streamlining and expediting processes. This groundbreaking initiative aims to boost manufacturing capacity, promote technological advancements, and offer extensive skill development opportunities, he added.
Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough & Polished
