Titan to invest Rs 120 cr on retail foray
The Free Press Journal — September 21, 2006

Watch and jewellery major Titan Industries said it would invest about Rs 120 crore in the next one year on retail expansion of its concept stores in India, even as the company prepares to launch the Tanishq brand of jewellery in the US market by the next fiscal. "A new retail identity is being given to both watches brand Titan and jewellery Tanishq for which we are looking at larger-format exclusive stores. About 10 stores are expected to be opened by next year," Titan Industries chief operating officer C K Venkataraman told reporters here.