GJ Town India

Signing ushers commencement of work for India Jewellery Park The Gem & Jewellery Export Promotion Council (GJEPC) and the Government of Maharashtra marked a significant milestone with the official signing of a Memorandum of Understanding (MoU) during the World Economic Forum 2024. The agreement paves the way for the development of India’s first and largest Jewellery Park in Navi Mumbai. The MoU was signed by Hon’ble Chief Minister of Maharashtra Eknath Shinde and GJEPC Chairman Vipul Shah in the presence of Uday Samant, Hon’ble Minister of Industries; Dr. Harshdeep Kamble, IAS, Principal Secretary of Industries; Shrikant Shinde, Member of the Lok Sabha; Bhushan Gagrani, Principal Secretary, Urban Development Department, and Vipin Sharma, CEO, MIDC; Kirit Bhansali, Vice Chairman, GJEPC and Sabyasachi Ray, Executive Director, GJEPC. Hon’ble Chief Minister of Maharashtra, Eknath Shinde, in his remarks on the MoU with GJEPC, expressed, “Maharashtra has consistently been a leader in tra

Advocates the Government to Propel Gem & Jewellery Exports     The Gem & Jewellery Export Promotion Council (GJEPC), representing India’s global gem & jewellery trade, has proposed several recommendations to the Government ahead of the upcoming budget. India’s gem and jewellery industry heavily relies on imports for its raw materials, including gold, diamonds, silver, and colored gemstones.   These materials are brought into the country and undergo either cutting and polishing or are transformed into finished jewellery before being exported worldwide. This thriving industry sustains approximately 4.3 million jobs, contributes about 10% to the country’s merchandise exports, and significantly impacts the overall economic growth.    India has established itself as the leading choice for sourcing gems and jewellery on a global scale. However, to uphold this position of prominence, the industry must remain competitive in the international market. It requires strategic pol