MMTC entering jewellery retail and warehousing, to double revenues in 5 yrs

Consultancy firm KPMG has identified 8 key focus areas for the country's largest trading company

MMTC Ltd, the country's largest trading company, aims to double its topline in the next five years by revamping its business operations.

At the core of this restructuring is its foray into retail jewellery sale, export of minor minerals, setting up of warehouses, online sale of gold coins and jewellery, and aggregation of import consignments of smaller companies, among other things.

"We had roped in consultancy firm KPMG to suggest business modification based on the changing trade scenario and slump in the commodity market. They have identified eight key areas, which will double our turnover in the next five years,