Calcutta, May 5: Kerala-based Kalyan Jewellers has chalked out a Rs 900-crore investment plan to expand its network in India and abroad.

"This financial year, we are planning to open 22 showrooms at an investment of Rs 900 crore. Out of that, already three showrooms have opened in Rajasthan, three will open on May 8 in Calcutta and we are planning more stores in south India, Uttar Pradesh, Madhya Pradesh, Bihar and the UAE in the overseas market," said Ramesh Kalyanaraman, executive director of Kalyan Jewellers.

"The investment for the Calcutta stores is around Rs 150 crore and we expect to generate a business of Rs 500 crore in one year from these three stores," he said.

The investment will be funded from internal accruals and the company is not eyeing any immediate capital infusion.

The inauguration of the three showrooms in Calcutta will take Kalyan Jewellers' total number of stores to 100.