Joyalukkas Jewels Shines Brighter: AED 500 Million Boost for Global Expansion
Joyalukkas Group, a prominent name in the Indian jewellery industry, has secured a significant AED 500 million working capital facility from Emirates NBD. This substantial financial boost will fuel the group’s ambitious expansion plans across key international markets.
The facility, a revolving credit line, offers Joyalukkas flexible access to capital. This will primarily support inventory financing and timely payments to suppliers. The arrangement leverages digital platforms, ensuring streamlined and efficient operations.
The expansion will focus on strengthening the brand’s presence in the UAE, UK, USA, Canada, and Australia. This strategic move positions Joyalukkas for significant growth in these lucrative markets.
This development underscores the confidence global financial institutions have in Joyalukkas’s business model and future prospects. The move is expected to create new jobs and further solidify India’s position as a global jewellery powerhouse. This substantial investment highlights the increasing global demand for Indian-made jewellery and the brand’s strong international appeal.
