Date:20/04/2005 URL: http://www.thehindubusinessline.com/2005/04/20/stories/2005042001191700.htm

Back Rajesh Exports to enter retail jewellery market

Our Bureau

Bangalore , April 19

RAJESH Exports is gearing to enter the retail business to market its jewellery as part of its long-term strategy to increase profits.

The company is engaged in wholesale business with exports constituting 85 per cent of its total turnover, which is set to touch Rs 4,000 crore this year. It has engaged Ernst &Young to assist it in the business planning process for launching its branded retail venture in about two months, said Mr Rajesh Mehta, Chairman. He said the company would also be branding its products in the export market with its designer jewellery.

Talking to Business Line, Mr Mehta said his company also plans to enter the diamond business coinciding with the launch of the branded retail venture for selling diamond jewellery.