‘Hunger-Free World’, the ongoing CSR programme by Malabar Group to provide nutritious daily meals to the needy, will be expanded to cover more people and cities

Malabar Group invests 250 crore to set up the unit at a sprawling area of 1.75 lakh sq.ft

With this showroom, Malabar Gold & Diamonds becomes world’s 6th largest jewellery retailer

This 3.7 acre manufacturing facility has the capacity to produce 10 tonnes gold jewellery and 1.5 lakh carats of diamond jewellery annually

Investment planned in the next three years

The expansion will create approximately 5,000 job opportunities in the retail, manufacturing, technical and management areas

The new store was opened at Somajiguda, Hyderabad, and was inaugurated by the Telengana Home Minister

Spread across 2500 sq. ft. area, the plush showroom has a wide range of Maharashtrian geru base jewellery and Maharashtrian mangalsutras, along with other designs

Malabar Gold & Diamonds looks to invest Rs.750 crore in Telangana to set up manufacturing facilities and a refinery. The project will add upto 2500 jobs

The new store launch is a part of the Malabar Gold & Diamonds' global expansion plans and its vision to strengthen the retail presence in eastern India
 

GJS Virtual, an annual B2B initiative of All India Gem and Jewellery Domestic Council (GJC) to conduct six unique exhibitions titled “Swarnotsav”

• * Featuring brand ambassador Bollywood actor Anil Kapoor, Malabar brings the unique virtual store launch concept to Bihar for the first time
• * The store marks Malabar Gold & Diamonds’ foray into Patna in Bihar
• * The store launch is a part of global expansion plan of the Group
   

Jewellers are moving slower on their store expansion plans as securing bank credit has become tougher for the industry post PNB scam. Even the exports were affected last fiscal. However, the industry thinks that banks will take a positive outlook for the industry in FY20

With this, the global tally of showrooms have gone up to 212.Bollywood star Anil Kapoor has inaugurated the brand new facility located at Sector18 in Noida.