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.