Kerala-based Kalyan Jewellers will invest Rs 900 crore over the next three years to expand its global footprint, a top executive said.
The jeweller, which has presence in Gulf Cooperation Council (GCC) countries, is planning to enter Sri Lanka, Singapore and Malaysia to meet demand of Indian diaspora living in these countries. Kalyan Jewellers has until now been depending on retail outlets for sales, but executive director Ramesh Kalyanaraman said the company is now looking at the online retailing space to draw the attention of young India through contemporary styles. “We have tied up with Flipkart for online retailing of our jewellery. But we will be launching our own ecommerce operations during Diwali so we can take advantage of Dhanteras and festive season sales,” said Kalyanaraman. Kalayanaraman indicated that he is also willing to sell Indian gold coins launched by the Narendra Modi-led government. The coins have the Ashoka Chakra on one side and Mahatma Gandhiji’s face on other.