Titan opens outlets in Pakistan

Bangalore: Titan Industries, the Rs 3,000 crore watches and jewellery firm of the Tata Group, has set foot in Pakistan. The company over the last week opened two outlets in Karachi and Lahore.

Manoj Chakravarthi, group advisor, Titan Industries said they are excited to enter this market which offers good opportunities.

'We have set up a large World of Titan showroom in Lahore and a Titan exclusive store in Karachi. We want to aggressively increase our presence in Pakistan over the next six months with presence in Islamabad and Rawalpindi and plan to extend our stocks to at least 50 dealers in Pakistan,' Chakravarthi added.

Titan Industries has ent-ered into a distributor agreement with Clover Pakistan Ltd, a business which has various agreements with Colgate-Palmolive and McDonald's. Titan for this foray into Pakistan sourced various components from a few overseas locations and is routing its entry through Titan Dubai.