Business
Navi Mumbai jewellery park backed by massive investment to create one lakh jobs
Originally reported by ET Industry as: India Jewellery Park in Navi Mumbai to generate 1 lakh jobs: Maharashtra CM Fadnavis
26 Oct 2026, 3:19 pm IST · Xecute.finance News Desk
The crisp read
Maharashtra Chief Minister Devendra Fadnavis announced that the upcoming India Jewellery Park in Mahape will feature an investment near fifty thousand crore rupees. Built through the Gem and Jewellery Export Promotion Council, this hub seeks to boost the nation's worldwide standing.
Why it matters: Highlights a major regional infrastructure development expected to massively boost employment and manufacturing in India's gems sector.
Deep dive - the full story
Maharashtra Chief Minister Devendra Fadnavis announced that the India Jewellery Park located in Mahape, Navi Mumbai, is projected to attract an investment of approximately ₹50,000 crore. This massive facility is designed to create one lakh jobs while bolstering the nation's footprint within the international gem and jewellery trade.
The project is being developed under the guidance of the Gem and Jewellery Export Promotion Council. By centralizing operations and modernizing manufacturing capabilities, this industrial cluster aims to strengthen India's global position and competitive edge in the export market.
Authorities will continue developing the facility according to the planned schedule to achieve its economic objectives. Stakeholders and industry participants should monitor upcoming construction updates and allocation procedures for business opportunities within the park.
Source: economictimes.indiatimes.com
This is news/educational content, not investment advice. Xecute.finance is not SEBI-registered. Consult a qualified professional before acting.
Reading the static edition.
The live app adds Ask Xecute, deadline trackers, the daily quiz and one-tap deep dives.
Open this story in the Xecute app →Xecute.finance · India's AI-powered finance daily · Founded & built by Kanishk Singh Sikarwar