Vinsmera Group, a jewellery enterprise based in India, has announced plans to invest around $232M over the next two years to establish a premium retail chain and manufacturing units in the UAE.
The Group, which is promoted by siblings Dinesh, Anil, Manoj and Krishnan Kambrath, plans to open flagship showrooms, each in Abu Dhabi and Dubai, and one in neighbouring Sharjah alongside development of a manufacturing unit within the first phase of its expansion plan.
The UAE operations will focus on catering to retail and wholesale markets, leveraging the country’s status as a global jewellery hub, said the Indian group. Spanning 50,000sq ft, the present production facility in Sharjah is one of the largest in the region and implements eco-friendly practices such as hydrogen fuel usage, reinforcing Vinsmera’s commitment to environmental sustainability.
“Vinsmera is set to bring a new era of excellence in jewellery retail and manufacturing, blending heritage with modern innovation. UAE, with its dynamic marketplace and discerning clientele, is a key pillar in our global expansion strategy,” remarked one of its Co-Founders Dinesh.
