The world renowned Malabar Gold and Diamonds Company has moved to establish a factory in Bangladesh with a view to exporting jwellery items.

The factory will be established at Madanpur of Narayanganj beside Dhaka-Chattogram highway.

Bangladesh Investment Development Authority (BIDA) Chairman Md Sirazul Islam laid foundation stone of the factory on Thursday.

The Indian brand Malabar Gold and Diamonds is coming to Bangladesh through Nitol Niloy Group.

Malabar Gold and Diamonds is operating 290 showrooms in 10 countries of the world.