The announcement was made at an investors’ roundtable, during the National Industrial Corridor Development programme held recently in Kochi
Malabar Gold & Diamonds, the jewellery retailer, has chalked out plans to invest Rs 9,860 crore in India over the next three years under its `Make in India, Market to the World’ programme, announced MP Ahammed, Malabar Group Chairman and O. Asher, Malabar Gold & Diamonds India Operations MD. The announcement was made at an investors’ roundtable, during the National Industrial Corridor Development programme held recently in Kochi.
“Our goal is to bring more and more jewellery buyers in India focussing on our initiative – ‘Make in India, Market to the World’ and to generate employment for people across regions.”
— Ahammed, Chairman, Malabar Group
The investment will see 500 new showrooms by 2025 creating employment for around 11,000 people, ET reported said. Currently, Malabar Gold & Diamonds has over 280 showrooms across ten countries and 14 manufacturing units in five nations. The company presently employs a total of 14,169 management staff.
“Our goal is to bring more and more jewellery buyers in India focussing on our initiative – Make in India, Market to the World and to generate employment for people across regions,” said Ahammed, Chairman, Malabar Group. The company aims to have a total business of Rs 45,000 crore during the current financial year, according to the press release.
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