ENA Sectors 2019-03-05 06:24:15 <p> <b>Mumbai, Mar 5 (KNN)</b > 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 here.</br > </br > The park would be developed on co-operative housing model basis accommodating about 4,800 large and small units encompassing the entire jewellery value chain.</br > </br > The jewellery industry is expecting a fund allocation from Maharashtra government for workers' welfare and for small business units in the jewellery sector.</br > </br > The unique feature of this park is that both exporters and domestic jewellery suppliers would be able to conduct their businesses under one roof.</br > </br > Most importantly, jewellery exporters would be able to take advantage of all the benefits enjoyed by units in export processing zones.</br > </br > Maharashtra Chief Minister Devendra Fadnavis has promised industry leaders that his government will improve infrastructure in this area and link it to roads and railway stations.</br > </br > 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. </br > </br > Union Minister of Commerce and Industry Suresh Prabhu will lay the foundation stone of the park. <b>(KNN/JM)</b > </br > 22182 https://knnindia.co.in/news/newsdetails/sectors/indias-first-jewellery-park-to-come-up-in-mumbai-to-accommodate-large-and-small-units 2019-03-05 06:24:15 knnindia.co.in