Cash-strapped Gitanjali plans mega push into Dubai - The Economic Times

Cash-strapped Gitanjali plans mega push into Dubai - The Economic Times:

"Cash-strapped jewellery and diamond major Gitanjali GemsBSE 3.03 %, which already nets over 40 per cent of its revenue from overseas markets, is increasing its focus in the Gulf region.

The Mehul Choksi-promoted, city-based company is already present in leading global markets like the US, Japan, China and the UAE among others.

"We are increasing our presence in the Gulf market. The plan is to open seven more stores in Dubai alone over the next seven-eight months. Already we have 10 shop-in-shops in the city, being run under the Paris Gallery brand," Gitanjali Exports Corporation chief executive Sanjeev Agarwal told PTI recently in Dubai. "

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