GJF unveils Trust Mark Model and proposes Rashtriya Swarna Nivesh programme

Trust Mark Model is to help jewellers grow their business and become efficient and Rashtriya Swarna Nivesh is to get jewellers to contribute to national cause.

Post By : IJ News Service On 01 October 2013 4:44 PM
Shree Ganesh Jewellery House is considering expanding its manufacturing facilities that cater to the domestic market, in the next two years. At present, the company manufactures 200 kg of gold jewellery for the domestic demand, reports say. %% The company is also working on a financial strategy of launching an IPO to raise about Rs 300 crore in the current fiscal, and may even launch a pre-IPO placement, reports say. Partial funds from the IPO would be invested in the expansion which involves investment worth Rs.150 crore. The funds would also be invested in retail expansion and raising working capital (nearly Rs 50 crore), reports say. %% Its retail expansion plans, as reports say include increasing presence in jewellery cities like Hyderabad, Jaipur and tier-II cities, of India. %% The company is headquartered in Kolkata.

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