Jeweller Rajesh Exports to open 300 new stores
26 Apr 2010
Rajesh Exports Ltd, one of India's top jewellery makers and exporters, plans to open 300 retail stores in India over the next three years, and has lined up a capital expenditure of Rs3,000-4,000 crore, the company's chairman and managing director Rajesh Mehta, said today. The firm currently has 25 retail outlets countrywide.
"Within the next three years in India we are planning to open about 300 stores and by the end of this financial year we should be in a position to open 80-100 stores," Mehta said. He also plans to expand retail operations overseas with showrooms in the Middle East, Far East, the US and parts of Europe, including the UK and France.
The firm is also in advanced talks with Australian and South African firms to acquire gold refineries and mines, and is likely to close some deals over the next three to four months, he added.
Earlier in the day, Rajesh Exports told stock exchanges its current order book stood at over Rs4,600 crore.
