MALABAR GOLD & DIAMONDS LAUNCHES ITS FIRST JEWELLERY MANUFACTURING UNIT IN WEST BENGAL, 10^THIN INDIA

18th August 2023

Malabar Gold & Diamonds, one of the largest gold and diamond retail chains of the country, has launched its first state-of-the-art jewellery manufacturing facility in West Bengal. The manufacturing unit built with an investment of Rs.150 crores was inaugurated by chief guest Dr. Shashi Panja, Honourable Minister-Of-State, (IC), Industries, Commerce & Enterprises, Child Development and Women Development & Social Welfare Department, Government of West Bengal and Malabar Gold & Diamonds dignitaries were also present at the inauguration event

Equipped with state-of-the-art technology and unmatched workmanship of Bengal artisans
Built with an investment of Rs.150 crore
Employs over 850 people
Aims to boost design leadership of India globally with ‘Make in India. Market to the World’

Located at Gems and Jewellery Park, Ankurhati in Howrah district and spread over 50,000 sq. ft., the manufacturing unit employs over 850 people to produce a varied range of exquisitely crafted jewellery including gold, diamonds, precious gemstones, and diamonds. Equipped with advanced technology and unparalleled workmanship, Malabar Gems & Jewellery Manufacturing Pvt Ltd, Ankurhati unit has an annual manufacturing capacity of 4 tonnes of jewellery and 36,000 ct. of diamond studded jewellery. The first-of-its-kind manufacturing unit has been designed keeping in mind the ESG compliance and comfort of the artisans.

Malabar Gems & Jewellery Manufacturing Pvt Ltd is equipped with the latest technology-enabled machines and collaboration with industry experts from Italy, USA, and Germany. Setting up of the Ankurhati facility is in line with Malabar Gold & Diamonds’ plan to further enhance its manufacturing capabilities to meet the growing customer demand and facilitate its retail operations expansion activities.

Malabar Gold & Diamonds has opened a manufacturing unit in West Bengal to utilise the rich tradition of jewellery craftsmanship of the state and a plentiful supply of gifted artisans.

Commenting on the inauguration of the Ankurhati unit, Mr. M P Ahammed, Chairman, Malabar Group said, “West Bengal is one of the major jewellery manufacturing hubs and the state has a deep-rooted tradition of excellent workmanship. The state boasts of the largest number of skilled artisans and goldsmiths in India. We are pleased to open our first manufacturing unit in the state to be a part of the valuable tradition of jewellery making. We are grateful to the Government of West Bengal for supporting us to set up the manufacturing unit. The unit will play a key role in our mission, ‘Make in India. Market to the World.’ Our goal is to build an indisputable design leadership of India across the world, continue to cater to the evolving customer demand, surpass their expectations, and offer high-quality craftsmanship to our customers a world-class shopping experience. ”

Taking into account the Ankurhati unit, Malabar Gold & Diamonds has 10 manufacturing units across India which employ more than 4000 artisans.

About – Malabar Gold & Diamonds:

Malabar Gold & Diamonds was established in 1993 and is the flagship company of Malabar Group, a leading diversified Indian business conglomerate. With an annual turnover of $5.2 billion, the company currently ranks as the 6th largest jewellery retailer globally and today has a strong retail network of over 324 outlets spread across 11 countries in addition to multiple offices, design centres, wholesale units and factories spread across India, Middle East, Far East & USA. The group, owned by more than 4,000 shareholders, has more than 18,500 professionals from over 26 countries working towards its continued success. Malabar Gold & Diamonds also features an online store www.malabargoldanddiamonds.com providing customers the opportunity to purchase their favourite jewellery at any time and on any day from the comfort of their homes.

The group also operates MGD – Lifestyle Jewellery, a retail concept offering trendy and lightweight jewellery that represents the independent and the modern woman through its designs and collections. ESG (Environmental, Social & Governance) has been the primary commitment of the group since its inception. The key ESG focus area of Malabar Group are Health, Housing, Hunger Free World, Education, Environment, and Women empowerment. Integrating the principles of responsibility and sustainability into its core business, Malabar Group periodically strengthens its ESG goals to remain a socially conscious and responsible organization. The group contributes 5% of its profit to such initiatives in the same country of operation.