Malabar Gold plans retail expansion

Retail expansion plans are surfacing at Malabar Gold, a leading Indian jewellery retailer. The company is considering setting up altogether 22 stores within India and West Asia, within this year, reports say. Project investment is estimated at Rs. 250 crore.

Reports further add that the company is chalking out a pricing strategy ‘One State, One Rate' with which it will implement a single gold rate system within a state. At present there are 38 Malabar Gold stores in India and the Gulf.