Titan Industries Is Planning To Spend Rs 450 Crore On Capital Expenditure In 2013-14 On Its Retail Expansion And New Manufacturing Units, A Growth Of Three Times Over Last Year. Presently The Company Has 953 Retail Outlets Across All Its Business Divisions, Plans To Open At Least 200 Outlets For Its Watch, Jewellery, Eye Wear And Fashion Accessories Business. Beside It, The Company Also Plans To Set Up Two Greenfield Manufacturing Plants For Watches In Coimbatore And Precision Engineering In Hosur. Mr. Bhaskar Bhat, Managing Director, Titan Industries Said, We Are Now Looking At Setting Up A New Plant To Manufacture Two Million Mid-Range And Other High-End Watches Like Edge And Octane Among Others In New Plant At Coimbatore. We Are Currently Awaiting All Clearances And Start The Work Shortly. The New Plant Is Scheduled For Completion During The Fourth Quarter Of This Fiscal. The Company Is Looking At Opening 40 World Of Titan Stores, 25 Helios Stores For Multi-Brand Watches And 60-70 Stores For Fastrack Watches And Accessories. It Also Plans To Another 25 Outlets Under Tanishq Brand And Another 45 Outlets For Titan Eye+ Format. Titan Industries Limited Is The World's Fifth Largest Wrist Watch Manufacturer And India's Leading Producer Of Watches Under The Titan, Fastrack, Sonata, Nebula, RAGA, Regalia, Octane & Xylys Brand Names. It Is A Joint Venture Between The Tata Group, And The Tamil Nadu Industrial Development Corporation (TIDCO) .
Project Value
INR 450 Crore /-
Conceptual Stage
Not Specified
India
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