Navi Mumbai, Oct. 25 -- Maharashtra Chief Minister Devendra Fadnavis on Sunday announced that the India Jewellery Park project in Mahape, Navi Mumbai, is planned with an investment of approximately Rs 50,000 crore and is expected to generate one lakh jobs.

He said this while conveying the desire that the state seeks to strengthen its position in India's gems and jewellery industry and expand its global footprint.

Fadnavis, along with Deputy Chief Minister Eknath Shinde, attended the project's commencement ceremony.

Speaking with the media, Fadnavis said the project was being developed under the aegis of the Gem and Jewellery Export Promotion Council (GJEPC) and would be the country's largest and most modern facility of its kind.

"This...