Mumbai, June 29 (KNN) The cabinet sub-committee on industries in Maharashtra on Wednesday approved the proposal to set up a Gems and Jewellery Park in Navi Mumbai.

The Gems and Jewellery Park will be developed by the Gems and Jewellery Promotion Council. The Park will have 1,354 industrial and commercial establishments, an official from the industries department said.

“The project is expected to bring an investment of Rs 20,000 crore and is likely to create direct and indirect employment opportunities for one lakh people. One of the main features of the park will be that some of the units can house laboratory-grown diamonds,” the official informed.

The sub-committee headed by chief minister Eknath Shinde cleared investment proposals worth Rs 40,000 crore.
As per reports, the approved proposals include three companies to set up four electric vehicles and battery manufacturing units in Pune and Aurangabad.

Amongst the approved proposals include a proposal of Taiwan-based Gogoro who will set up two plants in Pune and Aurangabad at a cost of Rs 12,482 crore, Ather Energy’s proposal of building a Rs 865-crore facility, an official statement said.

“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,” another official said.

Besides, Performance Chemiserve Limited and Smartchem Technologies Limited will build units in Raigad with an investment of Rs 2,700 crore and Rs 2,033 crore respectively. While General Polyfilms Private Limited will set up 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 build a plant in Ahmednagar at a cost of Rs 110 crore.  (KNN Bureau)