Kamdar Group (M) Berhad, an investment holding company based in Malaysia since 1950, is expanding its operations to Brunei with an investment of RM1.2 million in a joint venture with PG Salleh AB Rahaman.
The Kamdar Group operates as an importer, exporter, retailer, and wholesaler of textile and textile-based products. It operates a chain of departmental stores that offers textiles and apparels for men, women, and children.
Apart from clothing it also stocks in its retail chain of stores, products like, furnishing fabrics, rugs and accessories. In addition, it is also engaged in investing in the real estate business in selling and buying of movable and immovable assets.
Fibre2fashion spoke to Mr Jayesh Kamdar, Chief Executive Officer (CEO) of Kamdar Goup who confirmed the development and said the company was looking to expand to new markets for strategic reasons.
Kamdar Group will hold 70 percent stake and the rest of the holding will be held by PG Salleh in the company named, Kamdar (BRU) Sdn Bhd (KBSB) and investment in the new company would be generated from internal resources. .
The new company which is expected to commence any day, would exploit the marketing strength of the Kamdar Group in textiles and apparels, while PG Salleh would contribute with its knowledge of local rules and regulations in obtaining licenses.
Fibre2fashion News Desk - India
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