21 Jul 2019
DiamondWorld Directory
-
Home |
News
Home
President Vladimir Putin launched KGK’s venture in Vladivostok
The new KGK factory, a 1,555 sq. meter facility in Vladivostok, incorporates the latest and best diamond cutting and polishing infrastructure and will engage a staff complement of 400.
By: Diamond World News Service
|
Sep 25 2017 3:14PM
|
Reference: 15593  

DecreaseIncrease

KGK Group announced the opening of its high-tech diamond cutting and polishing factory in Vladivostok, launched by Honourable President of Russian Federation Vladimir Putin.

“We have just discussed this a year ago of this co-operation with Narendra Modi. And it is upon his initiative that our co-operation in this area is developing dynamically, thanks to his decision to develop co-operation in diamond sector. We have almost increased twice the supplies of diamond raw materials to Indian facilities. Our company ALROSA is ready to broaden co-operation and deepen it even further, we will off course welcome all the efforts taken by you on this territory of Russian Federation. We will always support such initiatives. Good Luck! ” said Honourable President Mr. Vladimir Putin in his address.

The new KGK factory, a 1,555 sq. meter facility in Vladivostok, incorporates the latest and best diamond cutting and polishing infrastructure and will engage a staff complement of 400. KGK shall be investing RUB 2.8 billion in this unit. The installed manufacturing capacity is 150,000 carats of diamonds per year. This advancement is yet another manifestation of the natural progression of KGK’s global manufacturing operations already spread across India, South Africa, Russia, Botswana and Namibia.

The factory launch was followed by a lamp lighting ceremony and get-together at the KGK factory in Vladivostok. The event was honored by the presence of Primorsky Territory Vice-Governor Evgeny Polyansky; Sergey Ivanov, Alrosa President; Yuri K Okoyomov, Alrosa Vice President; Sr management team of VTB, Rosbank, PING An Bank, NGTC and ABN Amro along with Sr officials of Russian government. The event also witnessed the company of KGK’s business associates from Mainland China.



Vithal Ramani, Partner & General Director, KGK showed gratitude for ALROSA “We are proud to sign a long term contract with ALROSA for rough supply. We appreciate Ivanov and his team for extending full support for this venture to be successful. We assure our dedication and commitment for manufacturing.”

While being in Russia Navrattan Kothari, Patriarch, KGK attended the Meeting for Representatives of Foreign Business Circle during 3rd Eastern Economic Forum presided over by Honourable President Mr. Vladimir Putin, encouraging talks towards investments in various businesses in Russia.

In addition KGK signed multiple agreements in Russia. These include Cooperation agreement with  Sergey Mikhaylovich Darkin, Governor of Vladivostok and other government agencies as well as Framework agreement with VTB Bank on financial cooperation with KGK Group.

Events held during 3rd Eastern Economic Forum held by FICCI led by Honorable Mrs. Sushma Swaraj, Minister of External Affairs were also attended by KGK promoters. Sanjay Kothari participated as a panelist for the forum titled ‘Russia–India: Identifying New Opportunities’ while Sandeep Kothari was a panelist for the seminar ‘Vladivostok – City of Diamonds: The start of Gem cutting.’

Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
Advertisement
M. Suresh234x60
Search News by City
Advertisement
Kosher 23460
Advertisement
Kosher 23460
Recent Issue
2019
AVAILABLE NOW...!
Advertisement
Kosher 23460
News in Pictures
Videos
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
Spotted: Who Wore What (August 2018)
Pictures: 4
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 15506
GJEPC Chairman Interview
Views: 14294
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 21154
Promo for IJ Awards 2012 at NDTV Profit
Views: 33917
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 37225
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 11791
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 35391
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 33405
Advertisement
KGK_Antwepr
Advertisement
Big Sub-IJ/DW
Member of:
Supporter of: