Kolkata: Tata's jewellery company Tanishq would achieve about 50 per cent growth next fiscal on its current annual turnover of Rs 350 crore by network expansion and experimentation with various formats of retail presence. Announcing this at the opening of the third Tanishq outlet in Kolkata, divisional manager V Govindraj said the company is planning to consolidate its existing network and trying to make its presence in retail stores.

"Tanishq has been expanding its network aggressively and this is our 57th outlet in the country. With affordable gold and diamond jewellery selling like hot cakes, we are expecting a phenomenal growth next fiscal," he said. With 10 per cent of its turnover generated by exports, the Rs 200 crore company was also looking for growth in the US, UK and middle east during the next fiscal. "Having consolidated our presence in 44 countries, we are looking at the huge overseas market for traditional Indian jewellery and the trendy everyday wear segments," he said.