Business Daily from THE HINDU group of publications
Saturday, Sep 02, 2006
Business Daily from THE HINDU group of publications Saturday, Sep 02, 2006 |
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Marketing
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Retailing States - Kerala Kalyan Jewellers plans expansion Our Bureau
Kochi , Sept. 1 The Thrissur-based Kalyan Jewellers, part of the Kalyan Group, has initiated steps for a major expansion drive both in the country and outside in the next few years with an investment of over Rs 1,000 crore. The jewellery group has proposed to set up a chain of 40 jewelleries in South India and in the Gulf apart from a shopping mall in Kochi city. There are also plans to set up an outlet in Dubai and further expansion into Madurai, Salem and Chennai, Mr T.S. Kalyanaraman, Managing Director, Kalyan Jewellers, said at a press meet. It will also have a presence in Bangalore and Hyderabad. He said that the group is in the process of setting up a 6-storey shopping mall along with jewellery in Kochi at an investment of Rs 150 crore. It will soon open stores in Thiruvananthapuram and Kollam. The group is also considering an IPO in the coming years, he said. Currently, the jewellery group has presence in Thrissur, Palakkad and Perinthalmanna in Kerala and in Coimbatore.
More Stories on : Retailing | Gems & Jewellery | Kerala
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