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Muthoot launches recycling hub in Bengaluru; to open more stores

After the initiative was launched in November 2015, the company was able to recycle 140 kg of used gold

Press Trust of India  |  Bengaluru 

Muthoot Exim Pvt Ltd, the precious metals division of the Muthoot Pappachan Group (MPG), on Monday launched its gold recycling centre here, with plans to open 14 or 15 more such centres by the end of 2017. Muthoot Gold Point here is the eighth centre in the country, after Coimbatore, Chennai, Delhi, Mumbai, Kolkata, Ahmedabad and Vijayawada. The company has claimed that the scheme has helped the government cut down the import of gold, by garnering and channelising domestic unused gold to productive use. According to estimates, it said, gold recycling has not been tapped to ...

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First Published: Mon, July 25 2016. 16:13 IST
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