Maharashtra Cabinet approves new gems and jewellery policy, eyes Rs 1 lakh crore investment

The Maharashtra Cabinet on Tuesday approved a new gems and jewellery policy that targets to attract Rs 1 lakh crore investment and create five lakh employment opportunities in the key sector.

The policy is aimed at boosting businesses related to gold and silver jewellery besides diamonds and precious stones, said a statement issued by the office of Chief Minister Devendra Fadnavis after the Cabinet meeting.

The policy has set a target of attracting Rs 1 lakh crore investment and creating five lakh new jobs in the segment, said the statement.