Malabar Gold chalks out investment worth Rs 1,580 crores, to open 20 showrooms
Jewelry store owner Malabar Gold & Diamonds has chalked out an investment plan to invest Rs 1,580 crores. The firm plans to open 20 new showrooms by the end of March in cities like Jhansi, Kallakurichy, Gwalior, Chittoor, Haldwani, Theni, Jamnagar, Ranchi, VIP Road Kolkata, Aligarh, KR Puram (Bengaluru), Inorbit Mall Vizag, Kanchrapara, Serampore, Gokul Road Hubli, and Gurugram, etc.
As per the firm, this expansion will take the total global showroom count to 445 across 14 countries, with presence in 22 states/UTs across India.
Also Read: Malabar Gold plans to develop manufactruing facility in Hyderabad