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Gitanjali Gems proposes expansion plan

Gitanjali Gems Limited, an integrated diamond and other jewellery manufacturing company, has proposed an expansion plan involving an investment of over Rs 300 crore.

The expansion plan includes setting up of diamond and jewellery manufacturing facilities at the proposed gems and jewellery special economic zone at Hyderabad, setting up of an additional jewellery manufacturing facility at Andheri in Mumbai and expansion of the existing jewellery manufacturing facility at SEEPZ, Mumbai, according to a news release issued by Gitanjali.