Gems and Jewellery

Template for Sector Profiling

The state ranks 2nd by population and 3rd by geographical area.
As per 2011 census, Maharashtra had a population of 112 Cr having a literacy rate of 82.3% and a sex ratio of 929 (Females over per thousand males).
It is one of the highly urbanized states of India having density of population as 365 (per sq. km).
Maharashtra is India’s largest state economy contributing ~15% to India’s GDP.
State is an Industrial Powerhouse, contributing ~15.5% of India’s manufacturing, and ~15.7% of exports from the country.
Maharashtra’s logistics & infrastructure profile includes:
- 720 kms long coastline covered by 2 major (JNPT & MBPT) and 48 non-major ports
- National Highways (18,366 kms) and state highways (30,465 kms); ~99.2% of villages are connected in the state
- Railway length of ~11,631 kms capturing 9% of country’s railway network
- 4 international and 8 domestic airports are operational along with 2 upcoming airports at Navi Mumbai and Pune (Purandar)
- State ranks 2nd in terms of electricity generation installed capacity
- 2.23 MMTPA of warehousing capacity along with 1.03 MMTPA of cold storage capacity
- The state boasts 292 industrial areas, 99 co-operative industrial estates, along with dedicated sectoral parks spread over 2.5 lakh acres land. In addition, state also has dedicated wine parks, silver parks, 9 SEZs, floriculture parks, food parks, textile parks and 27 IT parks.

The gems and jewellery industry of India contributes 7% to India’s Gross Domestic Product (GDP).
The sector contributes about 15.71% of India’s total merchandise exports, accounting for the third largest commodity share.
Western Region is a key exporting hub for the gems and jewellery industry contributing almost 74.66% of the total exports in 2022-23.
As per 2022 statistics, India’s gems and jewellery exports account for about 4.3% of the world’s total exports, making it the sixth-highest exporter in the globe.

The gems and Jewellery industry contributes a substantial 7.5% to Maharashtra's Gross Domestic Product (GDP), underscoring its vital role in the state's economic growth.
Maharashtra accounts for a staggering 47% of the nation's Gems and Jewellery exports for FY 2023-24, valued at USD 15 billion.
Top Exports destination for Maharashtra are the United States, Hong Kong, United Arab Emirates, Belgium, Israel etc.
More than 3.5 lakhs are employed in this sector.

MSMEs Dominance: Over 7,000 MSMEs contribute to the industry, driving economic growth and employment.
Mega CFC Project: The Mega CFC, a joint venture between SEEPZ Authority and GJEPC, will serve as a hub for skill development, business facilitation, and industry growth.
Industrial Cluster: Nanded has an approval of Gold Jewellery Cluster to be set up under the Maharashtra State Industrial-Cluster Development program (MSICDP).

Major highways (NH-3, NH-4, NH-8, NH-17, and NH-22) facilitate seamless transportation of raw materials and finished products.
International airports and air cargo facilities enable global trade.
Certification labs ensure quality standards and international recognition.

Largest Diamond Bourse: Bharat Diamond Bourse (BDB) in Mumbai, spread across 20 acres, is the world's largest diamond bourse.
Traditional Jewellery Hub: Zaveri Bazar, Mumbai, covers 247 acres and houses over 10,000 units involved in handmade Jewellery manufacturing, showcasing India's rich heritage in traditional Jewellery.
Modern Jewellery Manufacturing: Santacruz Electronics Export Processing Zone (SEEPZ) in Mumbai, spread across 111 acres, focuses on machine-made Jewellery, catering to modern consumer preferences.
Global Trade Platform: Mumbai hosts the largest G&J trade shows, IIJS and IIJS Signature, attracting over 10,000 industry professionals annually. This reinforces Mumbai's position as a global trade hub for gems and Jewellery.