MMTC Limited, a Government of India enterprise and the leading bullion trading company of India, plans to increase its footprint in the retail market. The company envisages to open 100 outlets, including company owned, through joint venture and through stockists in the near future.
Talking to Business Standard on the sidelines of the launch of ‘Baisakhi Gold Festival’ in Chandigarh,a senior company official told today that the brand had been getting huge response from the retail buyers in the exhibitions organised at various centres. So it was wise to focus on retail business.
He apprised that the company under the joint venture Shuddhi (a joint venture of Gitanjali and MMTC) planned to open 63 outlets and out of these about 25 should be opened in north of Delhi. MMTC intends to invest Rs 12 crore in this venture.
The MMTC would showcase its medallions and Sanchi Silverware in the Shuddhi outlets.
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