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Shree Ganesh Jewellery House forms JV with Italy's SALP SPA

Saturday, 29 Oct 2011
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Shree Ganesh Jewellery House (SGJHL) has formed a 50:50 JV with Italy's S.A.L.P. SpA to manufacture machine-made light weight gold jewellery for the domestic wholesale market.

The JV - Oroitalia Sales - will be set up at SGJHL's integrated jewellery manufacturing complex in Domjur, West Bengal, with an estimated investment of Rs 100 crore. Under the JV, SGJHL will provide the infrastructure and the S.A.L.P. will give technical expertise. The unit is expected to be operational by 2013 with an initial capacity to manufacture 10 tonne of light weight gold jewellery per annum.

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