New Delhi, Apr 16: Real estate developers Ariens Group plans to set up a chain of ten jewellery marts across the country envisaging an investment of over Rs 300 crore. The group is currently developing its first one-stop shop for jewellery in Gurgaon on the outskirts of Delhi, according to G S Pillai, president, Ariens Goldsouk International. Pillai said the company proposes to set up the remaining nine marts covering Mumbai, Chennai, Kolkata and Jaipur during the first phase envisaging an investment of Rs 30-40 crore per mart. During the second phase, five other marts would be set up in other parts of the country including Ludhiana, Kochi, Hyderabad and Bangalore. The jewellery mall would showcase designs and jewellery from across the country and the globe under one roof with as many as 70 leading retailers deciding to set up shop at its upcoming facility near the capital, slated for opening during September 2004.
Bureau Report