Wednesday, March 28, 2007

Titan plans to bring in 3 global brand

Tata Group’s Titan Industries announced that it will be launching 2-3 global brands in the next few years. It recently brought in the Tommy Hilfiger brand which has been a big success in the Indian market. According to Harsh Bhatt, Titan Industries CEO, “Tommy Hilfiger has done well in the past year and seen a growth of more than 60% year on year. We have plans to bring in two to three more licensed brands into India in the next two to three years including at least one in the next one year.” The company will be opening a new manufacturing facility in Rourkee where it will manufacture 2-3 million watches. The facility will open later this year and will see an investment of Rs. 10 crore. Titan has opened a sourcing office in Hong Kong to outsource watches from China, Korea and other countries.

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