Jeweler Verigold to invest Rs 1 bn in India
Feb '06
The New York-based jeweller Verigold currently outsources its products from its manufacturing facilities in India.
Part of the investment, however, will also be devoted towards its foray in the home furnishing market.
The news comes within a fortnight of the Indian government announcing its decision to allow 51 per cent foreign direct investment in single brand outlets.
Gems & Jewelry Export Promotion Council
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