Malabar Gold & Diamonds to set its largest unit
Indian jewelry group, Malabar Gold & Diamonds is preparing to set up its largest jewelry manufacturing unit in Telangana with an investment of Rs 750 crore. Spread over a 3.7-acre project will be located at General Park, Maheshwaram in the Rangareddy district.
Telangana Minister for IT and Industries K T Rama Rao laid the foundation stone of the manufacturing facility. The unit would have the capacity to manufacture 10-tonne gold jewelry and 1.5 lakh carats of diamond jewelry annually.
Also Read: Rs 800 Investment Planned By Malabar Gold & Diamonds