SME Times News Bureau | 06 May, 2013
India's largest jewellery retail chain Tanishq, part of
Titan Industries, Saturday said it will invest more than Rs.1,000 crore this
fiscal in opening new stores across the country.
"Our focus is on higher penetration. We want to reach out to more towns
across India," Titan Industries Limited associate vice president V. Ganesh
told reporters here.
Ganesh said the company would invest more than Rs.1,000 crore in this financial
year for rolling out new stores.
Tanishq, which currently has 146 retail stores in the country, is planning to
launch as many as 29 new stores this fiscal.
Among them, the firm will open 8 to 10 outlets in eastern India at investment
of about Rs.200 crore. It currently has 20 retail stores in the region.
The Tata Group's jewellery brand Saturday unveiled a special edition of gold
coins to pay tribute to Nobel laureate Rabindranath Tagore on his 152nd birth
anniversary.