Kalyan Jewellers, Kerala-based gold major, is looking forward to investing Rs 1,000 crore to Rs 1,250 crore to expand its network in India and abroad.
As per its expansion plan, the company is planning to open 25 outlets in India and abroad in the next financial year. Each of these stores will be spread over 5,000 sq ft and will cost Rs 40 crore to Rs 50 crore.
Of the total 25 outlets, 15 will be in India, and 10 will be in the gulf region. The brand intends to open three retail outlets in Kuwait, two outlets in Qatar, and one each in Bahrain, Muscat and Oman in FY15. It plans to open at least six outlets in the gulf before April 2014.
In December 2013, the company launched six shops in the UAE.
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