Mumbai: Jewellery retailer Malabar Gold & Diamonds launched its state-of-the-art, fully integrated jewellery manufacturing unit, in Hyderabad, Telangana. The new facility will produce over 4.7 tonnes of gold and 1.8 lakh carats of diamond jewellery, annually. The General Park unit was officially inaugurated by Chief Minister of Telangana, Sri Revanth Reddy in the presence of Malabar Group chairman, M.P. Ahammad; vice-chairman, Abdul Salam K.P; managing director – India Operations, Malabar Gold & Diamonds, Asher O; executive director, Nishad A K along with other senior management team members from Malabar Group, and dignitaries from the Telangana government.
Additionally, the facility will have an annual gold refining capacity of 78 tonnes and employ over 2,750 skilled artisans from 18 states.
Located at the General Park, Maheshwaram in Ranga Reddy district and spread over 3.45 lakh sq. ft, reportedly, it has the first of its kind integrated manufacturing unit and marks the group’s largest among its 14 manufacturing units across India and the GCC countries.
The facility also brings all the critical operations such as design, refining, manufacturing, quality assurance, hallmarking, warehousing and supply chain management under one roof.
Commenting on the launch of the facility, M P Ahammad, chairman of Malabar Group, said, “Our state-of-the-art integrated jewellery manufacturing unit in Hyderabad, which combines tradition, art, modernity and precision, marks a new era in jewellery manufacturing. In line with our ‘Make in India, Market to the World’ Vision, the facility reinforces our commitment to producing world-class jewellery in India for the global markets.”
Next, Asher O, MD-India operations, Malabar Gold & Diamonds stated, “Being a vertically integrated business with a strong presence across the entire jewellery value chain from sourcing bullion to manufacturing, wholesale and retail, the integrated manufacturing unit enhances our ability to cater to the growing demand for exquisite jewellery in India, which remains our biggest market. As we gear up to expand our presence across 22 states and 3 union territories by the end of this financial year, we remain deeply committed to offering exceptional craftsmanship, unmatched design variety and superior quality to our customers.”
Malabar Gold & Diamonds was established in 1993 and is the flagship company of Malabar Group, a leading diversified Indian business conglomerate. The company has a global retail presence of more than 400 showrooms across India, the UAE, Qatar, KSA, Bahrain, Oman, Kuwait, Singapore, Malaysia, the USA, the UK, Canada & Australia. The group has 10 manufacturing units across Hyderabad, Kozhikode, Kolkata, Mumbai, Bengaluru, Coimbatore and Thrissur and four units in UAE, Saudi Arabia, Qatar and Oman. The group also has 14 wholesale units across India, UAE, Oman, Qatar, KSA, Kuwait, Bahrain and Malaysia.
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