Home / Knowledge / News / Fashion / Fine Jewellery plans for massive expansion
Fine Jewellery plans for massive expansion
12
Jun '08
Fine Jewellery India Ltd (FJIL) is planning for a enormous expansion within next three years. The Mumbai based diamond jewellery exporter aims to open new retail outlets across nation along with enhancing the manufacturing capacity to strengthen its position in domestic market.

Fine jewellery sells its in-house lifestyle brand 'Nirvana' through large format stores that are spread in 27 cities nation wide, it also has an exclusive stand-alone store in Mumbai.

In an exclusive interview with Fibre2fashion, Mr Sohil Kothari, Director, Fine Jewellery Group asserted, “We plan to set up around 30 NIRVANA exclusive stores in 10 major towns and cities in the next three years. To support this expansion as well as increase manufacturing capacity, we have drawn up a capital expenditure plan that will require nearly US $25 million.

Mr Sohil further divulged, “We propose to raise funds through private equity in the next six months for our famous brand Nirvana, which mainly targets age group of 25 to 45 years. It is a delicate daily wear jewellery, for design conscious young generation.

Fine Jewellery has dedicated itself into manufacturing of diamond studded gold and platinum exquisite jewellery. The company has factories with state-of-art machinery and the latest technology to facilitate the entire process.

With such strong expansion plans and almost 18 to 20 percent growth in the domestic jewellery market, the company definitely has a sparkling future ahead.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Pexels

Textiles | On 19th Sep 2018

Punitive PRC tariffs on US goods has extra 5% on textiles

Responding to Washington’s latest duty increase in a dispute with...

Courtesy: Tecnorama

Textiles | On 19th Sep 2018

'Reliability & excellent quality are Tecnorama’s USP'

The complete reliability and excellent quality of Tecnorama systems...

Courtesy:  Stanislav Kondratiev on Unsplash

Apparel/Garments | On 19th Sep 2018

AAFA questions US tariffs on $200 bn Chinese goods

The American Apparel & Footwear Association (AAFA) has questioned...

Interviews View All

Top executives, Textile industry, India

Top executives
Textile industry, India

The event should be organised every year

Subhashini Srinivasan, The S Studio

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Top executives, Fabric manufacturers

Top executives
Fabric manufacturers

Domestic manufacturers would get an edge over imported products

Ramez Basmaji,

Ramez Basmaji

Fabusse is a Lebanon-based fashion agency that offers a variety of...

Urmil Arya,

Urmil Arya

Sushila International, a well established textile organisation established ...

Paolo Crespi,

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Mary-Cathryn Kolb, Brrr°

Mary-Cathryn Kolb
Brrr°

Atlanta-based private start-up Brrr° was founded in 2014 to develop...

Paolo Ocleppo, Sandvik Hyperion

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Johan Berlin, Investkonsult Sweden AB

Johan Berlin
Investkonsult Sweden AB

Investkonsult Sweden AB are consultants in the nonwoven and absorbent...

Akta Adani, India Boulevard

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Vaanee Bhatia, Gritstones Clothing

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Pranav Mishra, Huemn

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


September 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search