Alukkas eyes Rs 650 cr turnover in 2007-08

TIRUCHIRAPPALLI (TN): Alukkas Jewellery has set a turnover target of Rs 650 crore for the current fiscal and planned to open more retail outlets in Tamil Nadu and Karnataka in the next two months.

Stating this, Managing Director of Alukkas Jewellery John Alukka told reporters here that the turnover of the group in 2006-07 was Rs 450 crore and in the previous year Rs 200 crore.

He said the firm would open showrooms in Tirunelveli, Coimbatore and Mysore.

Besides, outlets would be set up in Mangalore, Bangalore, Thiruvananthapuram and Madurai in 2008-09, Alukka here on Sunday said. He said the group was also expanding its capacity at the production centres in Thrissur, Mumbai and Thiruvananthapuram.