Shree Ganesh Jewellery House (SGJHL) has decided to invest around Rs 500 crore to expand its retail presence in India.
The company is likely to increase the number of its existing exclusive showrooms from 10 to 50 across India by 2013-14. The expansion plan is to be funded through internal accruals and debt. It is likely to open stores in Pune (Maharashtra), Mangalore (Karnataka) and Siliguri (West Bengal) soon.