India to get first Jewelry Park set on 21 acres at Navi Mumbai

India to get first Jewelry Park set on 21 acres at Navi Mumbai

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Foundation stone laying ceremony of India Jewellery Park

Mumbai: A year after signing a memorandum of understanding (MoU) with the Maharashtra government, the gems and jewelry sector is set to get India’s first jewelry park on Tuesday in Navi Mumbai. Union Minister of Commerce and Industry Suresh Prabhu is scheduled to lay the foundation stone of the park, which would be developed on co-operative housing model basis, accommodating about 4,800 large and small units encompassing the entire jewelry value chain.

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