Work on the ambitious India Jewellery Park Mumbai (IJPM), a 21-acre mega-development, is set to commence this month. Spearheaded by the Gem and Jewellery Export Promotion Council (GJEPC), this initiative aims to bolster India’s position as a global leader in the gem and jewelry sector.
The park will feature cutting-edge manufacturing units, design studios, and trading centers, projected to attract a staggering $58 billion (₹50,000 crores) in investment. Once operational, it is expected to generate over 100,000 employment opportunities, marking a significant boost to the economy.
Speaking at the 17th India International Jewellery Show (IIJS) Signature event on January 5th, GJEPC Chairman Vipul Shah revealed that phase one of IJPM would be completed by December 2026. He emphasized the park’s transformative potential, stating, “This landmark project will enhance India’s manufacturing and export capabilities while creating a hub of innovation for the jewelry industry.”
Deependra Singh Kushwaha, Development Commissioner of Industries for Maharashtra, highlighted the state’s iconic infrastructure, including the Bharat Diamond Bourse and Zaveri Bazaar. He remarked, “The upcoming India Jewellery Park in Navi Mumbai will position Maharashtra at the heart of India’s gem and jewelry industry. With ₹50,000 crore in investment, the park will create substantial employment opportunities and reinforce Mumbai’s status as a global jewelry hub.”
This development underscores India’s strategic push to elevate its gem and jewelry industry on the global stage, fostering innovation and sustainability while empowering local communities.
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