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Stock Report
Shantivijay Jewels to make GIOVANCE a global brand
Posted On : 2007-06-29 08:27:57( TIMEZONE : IST )
Shantivijay Jewels Ltd has announced that the Board of Directors of the Company at its meeting held on June 29, 2007, has been considered the following initiatives for future expansion and growth:
- Brand Initiative - "GIOVANCE": The Company's quality and designs are already well recognized and amongst the best available in the International market. Hence, the Company had decided to take brand initiative to achieve growth in volume and profitability. The Company's Giovance brand was already registered in India last year. Giovance is now registered in Japan as well. The Company would be taking steps to register Giovance brand in USA, UK and European countries.
- Expansion Initiative - Local Markets: With a view to further capitalize on its core competence and well perceived quality and designs of the jewellery made by the Company, the Company is considering to establish a nit outside SEEPZ area to exploit increasing growth potential in domestic market.
- Expansion Initiative - International Markets: The Company has been allotted unit in SEEPZ in June 2007 which would be used to set up facilities to boost export sales.
- Equity Stake in Chinese Concern: The Company has already been sourcing part of its requirements from China to meet growing market demand and make its product more competitive. With view to further improve its competitiveness, the Company would also consider taking equity stake in Chinese concern.
- Raising of Funds: The Company is also considering to raise funds by issue of further shares and / or other securities as may be possible in the best interest of the Company and subject to and in due compliance of all applicable approvals, rules, regulations and laws to meet its requirements of funds for expansion of its facilities in and outside SEEPZ area to meet international as well as domestic market requirements. Towards this, necessary enabling resolution will be proposed to be passed at the ensuing Annual General Meeting.
