Malabar Gold & Diamonds on expansion, scheduled to open 56 stores

Malabar Gold & Diamonds on expansion, scheduled to open 56 stores

Dubai, United Arab Emirates, ( AETOSWire) – Malabar Gold & Diamonds, one of the largest gold and diamond retail chains, will open 56 stores in FY 2021-22 – 40 in India and 16 overseas, at an estimated investment of USD 220 Million, generating 1,750 new jobs. In India, the expansion will span Tamil Nadu, Telangana, Andhra Pradesh, Karnataka, Maharashtra, Delhi, West Bengal, Uttar Pradesh, Odisha and Kerala, and globally, new outlets will open in Singapore, Malaysia, Oman, Qatar, Bahrain and the UAE. In India 12 new stores are slated to open…