Mumbai, Sep (EPC News): Vaishnavi Gold is planning to invest Rs150 crore to expand its operations in Hyderabad by setting up a retail store, mall and manufacturing facility. The said investment will be utilized for the same in the span of six months.
"We will offer traditional and contemporary jewellery including diamond jewellery of international standard,'' says M Prakash, Chairman and Managing Director, Vaishnavi Gold, on the sidelines of inaugurating a 4,500-sft store at Kukatpally.
A similar mall would also be set up in Dilsukhnagar which would be operational in the next four months. In addition, Vaishnavi is also planning to set up a five-story mall in 10,000 sq ft at Somajiguda. Apart from the proposed mall and retail outlet, a manufacturing facility is also coming up at Secunderabad.
"The manufacturing facility will involve Rs30 crore working capital and Rs4 crore fixed asset investment,'' he added.
EPC News Bureau
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epcworld
| Posted on:9/1/2010 at 12:18 PM