MoU to Boost Entrepreneurship and Employment
PC Jeweller Limited, one of India’s largest jewelry companies, has drawn investors’ attention after signing a Memorandum of Understanding (MoU) with the Government of Uttar Pradesh. The MoU, signed on December 19, 2025, with the CM Yuva Mission under the MSME and Export Promotion Department, focuses on entrepreneurship development, employment generation, and economic growth in the state.
The initiative aims to enhance youth employability, encourage self-employment, and support the establishment of innovation-driven businesses. It also paves the way for the company to expand its jewelry retail network across Uttar Pradesh.
Franchise Expansion Approved
The company recently received approval from the Uttar Pradesh Directorate of Industries and Enterprise Promotion to onboard its proposal for 1,000 jewelry retail franchise units on the CM Yuva portal. This move is expected to promote entrepreneurship while generating job opportunities for the youth in the state.
Stock Performance Update
Following the announcement, PC Jeweller’s shares showed positive movement. As of 10:53 AM IST, the stock was trading at Rs 9.64, up 0.63% (Rs 0.06) on both the BSE and NSE.
The company also highlighted in a separate filing that it had reduced its bank debt by 23% in the previous quarter, strengthening its financial position.
Outlook
The partnership with the Uttar Pradesh government reflects PC Jeweller’s commitment to entrepreneurship, youth empowerment, and retail expansion, making it a key player in both the jewelry market and employment initiatives in India.
