India to get first jewellery park set on 21 acres at Navi Mumbai on Tuesday

Commerce minister Suresh Prabhu lays the foundation, operations to start shortly; park will accommodate 4,800 units; small businesses to have equal say in the functioning

A year after signing a memorandum of understanding (MoU) with the Maharashtra government, the gems and jewellery sector is set to get India’s first jewellery 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 jewellery value chain.

The Maharashtra government has allotted 21 acres to the park and has also assured it will provide all possible assistance for its development and smooth functioning. The jewellery industry