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Malabar Gold & Diamonds to set up manufacturing unit in Telangana

Tuesday, 18 Oct 2022
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Malabar Gold & Diamonds laid foundation stone for the construction of Malabar Gems and Jewellery manufacturing unit in Telangana. 
The facility is set to become the largest jewellery manufacturing unit of the group. 
Telangana Minister for IT and Industries K T Rama Rao laid the foundation stone of the manufacturing facility. 
The project will be located at General Park, Maheshwaram in Rangareddy district. The unit spread over 3.7 acre is slated to be operational soon. It will have the capacity to manufacture 10 tonne gold jewellery and 1.5 lakh carats of diamond jewellery annually. 
It will also house a state-of-the-art gold refinery facility with an annual gold refining capacity of 180 tonne. 
Malabar Gold & Diamonds will make an investment of Rs 750 crore to set up the manufacturing facility and refinery in the state. It is expected to generate around 2,750 job opportunities.
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