Tanishq
eyes US, UK, Middle East markets
Economic Times - March 15, 2003
Kolkata: Tanishq has decided to go international. The
jewellery division of Titan Industries — Tanishq — will now
export jewellery to the US, the UK and the Middle East.
V Govindraj, divisional manager, Tanishq India, said,
"There are lot of NRIs buying jewellery and we thought of
taking the Tanishq brand abroad where people are more
comfortable buying Indian jewellery of a brand which they are
already aware of."
"Currently, we are introducing the brand in the US in
association with a jewellery chain Higlow. We are also working
on similar arrangements for the UK and other countries," he
added.
Tanishq is expected to clock a turnover of Rs 350 crore in
‘03, a 40% growth over last year. Currently around 10% of its
turnover comes from exports (not done under its own brand) and
it is expected to grow further in future.
In the domestic market, the company has decided to introduce
silverware in its outlets along with gold, diamond and platinum
jewellery — already on its selling list.
Mr Govindraj, said, "The company is exploring
opportunities for adding items like expensive pens to its wares
but nothing has been decided as yet." With 57 exclusive
Tanishq boutiques across 44 cities, the company is planning to
open another 10 this year.
Mr Govindraj alongwith with former Miss World, Yukta Mookhey
inaugurated the 8th exclusive showroom in eastern India
recently. Tanishq’s jewellery prices start from Rs 600
onwards.
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