Titan Industries is targeting UAE for increasing its global presence as annual import volume of the country reached 40 million pieces.
Titan will be expanding regional and global reach with the help of wider watch collections. At present, Titan Wall Street and Titan Noctura are included in its ambitious growth plans and both this collections have more than 150 models.
In order to achieve the target of 15 percent and 8 million watches in 2006-07, company is planning to extend its presence in South Africa, Russia and Pakistan.
UAE plays an important role in global expansion strategy as it is a fashion showcase and re-export hub.
In UAE, products of Titan have presence in more than 100 outlets and company has three exclusive showrooms.
At present, export accounts for only ten percent of total production and they are trying to boost it by five percent.
Company started expansion in South and South East Asia ten years ago and now it has presence in Singapore, Malaysia, Vietnam, Sri Lanka and Bangladesh.
In a study conducted by leading research and consulting organization, company was ranked among 150 top brands in Asia.
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