GJEPC leadership meets FM for industry growth

 

Endeavour to include IJP in the harmonised infrastructure list 

The leadership of the GJEPC met with the Finance Minister, Nirmala Sitharaman, to discuss pressing issues and the way forward for the gem and jewellery industry. The discussions focused on the inclusion of India Jewellery Park (IJP), Mumbai in the harmonised infrastructure list to accelerate industry growth. 

In a detail of the IJP, it is known that then Chairman Gem & Jewellery Export Promotion Council (GJEPC), Vipul Shah had said, “The first-of-its-kind India Jewellery Park (IJP) Mumbai’s construction will commence this month.” 

He said at the juncture of 17th IIJS Signature 2025. By adding Vipul Bhai said, “Phase 1 of India Jewellery Park Mumbai, including the A1, A2, and A3 buildings spanning approximately 9 lakh square feet will be ready for procession by December 2026.

In the row, Deependra Singh Kushwah (IAS) Development Commissioner Industries Government of Maharashtra, said, “With the upcoming IJP in Navi Mumbai, 1 lakh people will get employment. With this Rs 50,000 crore investment in the Jewellery Park, Maharashtra will the take centre-stage in India's gem & jewellery industry.  

The State is committed to training and skill development as Maharashtra stands at the cusp of transformation. We shall improvise policy, facilitate ease of doing business. The gem & jewellery business is not just an economic driver but an embodiment of creativity, craftsmanship and aspiration.”  

It is to note that the IJP construction plan is on the track. According to the current status, land demarcation and RCC boundary wall is constructed with the help of MIDC, Voyants solutions appointed as project management consultant (PMC), Aditya enviro appointed as an Environment clearance consultant, Ahluwalia Contracts (India) Ltd. has been appointed as EPC Contractor and Plinth Work is going in full swing.  

In the accordance with the creation of IJP, GJEPC is eyeing on the inclusion of India Jewellery Park (IJP), Mumbai in the harmonised infrastructure list to accelerate industry growth. Kirit Bhansali, Chairman, GJEPC, and Shaunak Parikh, Vice Chairman, GJEPC, along with Sabyasachi Ray, Executive Director, GJEPC, engaged in a courtesy meeting with the Hon'ble Minister, highlighting key challenges faced by the industry, including the inclusion of India Jewellery Park (IJP), Mumbai in the harmonised infrastructure list.  

The Union Government had announced the Harmonized list of Infrastructure sub-sectors in 2012 and that includes, 1: Framework for using the harmonized Master List of infrastructure sub-sectors. 2: Principles for updating the Master List & 3: Creation of the institutional mechanism to update the Master List and for revisiting the sub-sectors outside the Master List.  

In those days, the Ministry of Finance had thus moved a proposal for approval of CCI of a harmonized master list of 29 infrastructure sub-sectors. According to the official version of the Union Government, “the institutional mechanism to update the Master List and revisiting the sub-sectors outside the Master List. According to the mandated body’s recommendations to the Finance Minister extended the list up to five. The fifth heading is, Social and Commercial Infrastructure that includes Common infrastructure for industrial parks & SEZs too.

The leadership also extended an invitation to the Hon'ble Minister to visit the Indian Institute of Gems & Jewellery (IIGJ) Udupi, showcasing the industry's commitment to skill development and employment generation. 








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