Gitanjali Gems inks MoU with MMTC to form JV for jewellery showrooms
New Delhi, Sep 2 (UNI) Jewellery retailer and manufacturer Gitanjali Gems Ltd today said it will form a joint venture with MMTC Ltd, one of leading international trading company, to carry on the jewellery showroom business in the country.
The company has signed a Memorandum of Understanding (MoU) with MMTC towards this effect.
The primary objective of the proposed JV would be to carry on the business of establishing, acquiring, developing, managing and maintaining jewellery showrooms in the country, the Mumbai-based firm said in a statement.
UNI SBA SG AS1821
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