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Malabar Gold plans diamond factory in Mumbai, gold unit in Dubai

Industry Not elsewhere specified

Malabar Gold & Diamonds is planning to build a diamond manufacturing unit in Mumbai and also a gold manufacturing unit in Dubai jointly with the UAE government. It plans to expand its manufacturing facilities at KINFRA Industrial Park, Kerala, as also at other industrial parks in states like West Bengal, Gujarat and Andhra Pradesh. The firm has also plans to expand its retail outlets to over 300 by 2020, including showrooms in Hong Kong and Indonesia.

Extracted from BS, Oct 26,’15

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