Friday, November 10, 2006

Timex in talks with Reliance Retail

Business Standard reports that Timex India is conducting talks with Reliance Retail to acquire shelf space or have a shop-in-shop fir its own brands. Timex has been ramping up operations and has invested Rs. 8 crore in relocating its manufacturing facility in Himachal Pradesh to take advantage of the tax breaks the state government is offering. According to Kapil Kappr, MD of Timex India,
"We are rolling out a slew of initiatives, which will improve our market share. We are exploring options to bring in more brands to plug the gaps in our portfolio and are in talks with our strategic partner for this."

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