Malabar Gold & Diamonds, a leading gold and diamond retail chain has invested Rs 150 crore ($18.8 million) to launch its first jewellery manufacturing facility in West Bengal.
The facility is situated in the Gems and Jewellery Park at Ankurhati in the Howrah district of West Bengal.
The facility is spread over 50,000 sq ft and will be used to produce a wide range of jewellery including gold, diamonds, precious gemstones, and diamonds.
The jewellery manufacturing unit has an annual manufacturing capacity of four tonnes of jewellery and 36,000 carats of diamond-studded jewellery.
Commenting on the launch, MP Ahammed, chairman of Malabar Group in a statement said, “West Bengal is one of the major jewellery manufacturing hubs and the state has a deep-rooted tradition of excellent workmanship. The state boasts the largest number of skilled artisans and goldsmiths in India.”
“We are pleased to open our first manufacturing unit in the state to be a part of the valuable tradition of jewellery making. The unit will play a key role in our mission ‘Make in India’; Market to the World’,” he added.
Malabar Gold & Diamonds has been on an expansion spree and the launch of this facility will further enhance its manufacturing capabilities to meet the growing customer demand and facilitate its retail expansion.
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