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MMTC to open 63 retail outlets

MMTC Limited, a public sector 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 as well as joint venture and  stockists in the near future. The brand had been getting huge response from retail buyers in the exhibitions organised at various centers over the years. The company under Shuddhi (a JV of Gitanjali and MMTC) planned to open 63 outlets and out of these about 25 should be opened in Delhi. The silver lining in the new expansion move of MMTC is that signage players like in-store media companies, sign suppliers, etc could find a new opportunity in the new jewellery outlets.

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