Posted On » October 13 - 19, 2010 (Volume:9 / Issue 41)
MALABAR Gold, India's fastest-growing jewellery chain, opened its first outlet in Bahrain and announced plans to expand with three more stores and a manufacturing unit.
Its BD1 million shop in Manama's Gold City complex is just part of a total investment planned for the kingdom of BD9.4 million ($25 million).
It was opened by Dr Hassan A Fakhro, minister of industry and commerce, in the presence of brand ambassador and movie icon Padmasree Mohanlal in front of thousands of fans.
Also present were prominent businessman Padmasree Ravi Pilllai, Malabar Gold's chairman, M P Ahmed, executive director K P Abdul Salam, managing director of international events, Shamal Ahmed and other dignitaries.
Malabar Gold is the flagship division of the Malabar Group of Companies, headquartered in India with 28 gold retail outlets, which also boasts 13 retail outlets in the Gulf and a wholesale division based in Dubai Gold souk.
The group is in discussion with a local training institute to train Bahraini nationals in jewellery designing and retail management.
Coinciding with the opening of Bahrain outlet, Malabar Gold is planning to launch a new collection highlighting Arabian heritage.