An affiliate of global private equity firm Warburg Pincus Llc and Mumbai-based developer Runwal Group have formed a joint venture (JV) to create a shopping mall platform. Both partners will commit $200 million each in the form of equity and raise another $600 million in debt to create a corpus of $1 billion to invest in and … Read More →
In a move that aims to set the ball rolling for implementing a comprehensive gold policy, the government has formed a working group to set up a domestic council for the gems and jewellery sector.The group is headed by the joint secretary of the ministry of commerce, Manoj Kumar Dwivedi. “The group has participation from all … Read More →
Jewellery companies and associations have joined hands to form the Western Jewelry Industry Alliance, aimed at establishing Western China as a jewellery manufacturing hub. The group covers regions in Western China including the municipality of Chongqing and the provinces of Sichuan, Yunnan, Shaanxi, Guizhou and Hubei. Chongqing’s jewellery market is largely untapped and underdeveloped compared to … Read More →