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    Gitanjali Gems to invest Rs 1.5b in multi-brand retail

    India's largest jewellery retailer Gitanjali Gems said on Wednesday it plans to invest Rs 1.5 billion to set up 50 stores under its new multi-brand jewellery format 'Jewel Souk'

    September 28, 2011 / 20:16 IST

    India's largest jewellery retailer Gitanjali Gems said on Wednesday it plans to invest Rs 1.5 billion to set up 50 stores under its new multi-brand jewellery format 'Jewel Souk'.

    The company is also in talks with several cash and carry and hypermarket operators in India for setting up shop-in-shop stores, Rahul Vira, head of retail, Gitanjali Lifestyle, told Reuters.

    first published: Sep 28, 2011 05:00 pm

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