Retail sector projects by Titan Company Limited in Chikkaballapur
Project Information
7097
Titan Company Limited
Watch maker Titan Co. Ltd has invested Rs.40 crore to locally manufacture eyewear frames to cut its dependence on Chinese imports, said a top executive at the company’s eye-wear division.
With local manufacturing and design, the company hopes to reduce time taken to launch new products and gain from savings on import duties.
“Everyone imports the same frames from China and they all end up looking the same,” said Ronnie Talati, chief executive officer of the company’s nine-year-old eye wear division Titan Eyeplus that registered a revenue of Rs.361 crore for the year ended 31 March 2015. The facility in Chikkaballapur, Karnataka, will be operational by August.
Project Value
INR 40 Crore /-
Planning
Chikkaballapur
Karnataka
India
Retail
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