Malabar Gold to set up Rs 750-crore manufacturing facility in Telangana ...Middle East

Business Standard - Economy
source : Business Standard ( Middle East ) () 24
Malabar Gold & Diamonds, one of the largest gold and diamond retail chains in the country, on Saturday said it laid foundation stone for the construction of Malabar Gems and Jewellery manufacturing unit in Telangana. A press release from the firm said the facility is set to become the largest jewellery manufacturing unit of the group. Telangana Minister for IT and Industries K T Rama Rao laid the foundation stone of the manufacturing facility. Located at General Park, Maheshwaram in Rangareddy District near here and spread over 3.7 acre, the manufacturing facility is slated to be operational soon. It will have the capacity to manufacture 10 tonne gold jewellery and 1.5 lakh carats of diamon

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