Malabar Gold and Diamonds will be investing Rs 1,000 crore in expansion. “Most of the investment will go into increasing number of our stores to 120 by end of this year. The company will also be opening its stores in Singapore, Malaysia and other countries in the far-east region. In domestic market, expansion would be focused on key markets such as Gujarat and Maharashtra,’’ O Asher, Executive Director, Malabar Group.
At present, Malabar Gold has 81 branches in India and the Gulf region.