Shinde approves ₹20,000-crore jewellery park in Navi Mumbai

The cabinet sub-committee on industries in Maharashtra has cleared proposals inviting ?40,000 crore ($5.6 billion) in investments to the state. This includes the development of the India Gems and Jewellery Park in Navi Mumbai, which is expected to bring an investment of ?20,000 crore ($2.8 billion) and create direct and indirect employment opportunities for one lakh people. The sub-committee also approved proposals for the establishment of four electric vehicle and battery manufacturing units in Pune and Aurangabad.

The cabinet sub-committee on industries, headed by chief minister Eknath Shinde, on Wednesday cleared proposals inviting ₹40,000 crore in investments to Maharashtra.

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The proposals included India Gems and Jewellery Park on a 21-acre plot at Navi Mumbai’s Mahape. To be developed by the Gems and Jewellery Promotion Council, the park will have 1,354 industrial and commercial establishments, an official from the industries department said.

“The project is expected to bring an investment of ₹20,000 crore and is likely to create direct and indirect employment opportunities for one lakh people. One of the main features of the park will be that some of the units can house laboratory-grown diamonds,” the official said.

India Gems and Jewellery Park is also expected to give an impetus to the export of gems and jewellery products, the official added.

The sub-committee also approved proposals of three companies to set up four electric vehicles and battery manufacturing units in Pune and Aurangabad, a statement from the chief minister’s office said.

Taiwan-based Gogoro will set up two plants in these two places at a cost of ₹12,482 crore. Ather Energy will build a ₹865-crore facility while Pinnacle Mobility will set up a ₹776-crore unit in Pune, the statement said.

Besides, Performance Chemiserve Limited and Smartchem Technologies Limited will build units in Raigad with an investment of ₹2,700 crore and ₹2,033 crore respectively. While General Polyfilms Private Limited will set up a ₹500-crore plant in Nandurbar, Wipro PARI Private Limited will invest ₹544 crore for a unit in Satara and Ganraj Ispat Private Limited will build a plant in Ahmednagar at a cost of ₹110 crore, the government statement added.