Maharashtra Cabinet Approves Thriving Industrial Proposals, Navi Mumbai To Get Rs 20,000 Crore Gems And Jewellery Park

Chief Minister Eknath Shinde, who heads the cabinet sub-committee on industries in Maharashtra, approved projects to attract Rs 40,000 crore in investments for the state, expected to generate 1.20 lakh job opportunities.

The projects approved will come up in Pune, Chhatrapati Sambhajinagar (Aurangabad), Nandurbar, Ahmednagar, Raigad and Navi Mumbai, reports Indian Express.

The proposals include the development of the India Gems and Jewellery Park on a 21-acre plot in Mahape, Navi Mumbai.

The Gems and Jewellery Promotion Council will oversee the establishment of 1,354 industrial and commercial establishments within the park, according to an official from the industries department.

According to the official, the project is expected to attract an investment of Rs 20,000 crore and create employment opportunities for one lakh people, both directly and indirectly.

One of the main features of the park will be that some of the units can house laboratory-grown diamonds. The India Gems and Jewellery Park is anticipated to boost the export of gems and jewellery products.

Further, the sub-committee also approved proposals from three companies, to establish four electric vehicles and battery manufacturing units in Pune and Aurangabad, as per Hindustan Times report.

According to the statement, Gogoro, a Taiwan-based company, will invest Rs 12,482 crore to set up two plants in Pune and Aurangabad.

Ather Energy will also construct a facility worth Rs 865 crore, while Pinnacle Mobility plans to establish a unit costing Rs 776 crore in Pune.

“Gogoro India has also planned to set up about 12,000 battery swapping stations across Maharashtra. It will help boost the infrastructure for electric vehicles,” an official said.

Additionally, Performance Chemiserve Limited and Smartchem Technologies Limited will invest Rs 2,700 crore and Rs 2,033 crore respectively, to build units in Raigad.

General Polyfilms Private Limited will establish a Rs 500-crore plant in Nandurbar, Wipro PARI Private Limited will invest Rs 544 crore for a unit in Satara, and Ganraj Ispat Private Limited will construct a plant in Ahmednagar at a cost of Rs 110 crore, as stated by the government.