Titan industries, a joint venture between Tata group and Tamil Nadu Industrial Development Corporation (TIDCO), plans to set up 300 retail stores for its eyewear brand, Titan Eye+ in the coming three years, said a senior company official.
Inaugurating a ‘Titan Eye+’ store in Tamil Nadu, V Govindaraj, vice president, integrated retail services, Titan Industries, said, “The company would add another 20 exclusive optical showrooms in the current fiscal.”
Titan Eye+ has recently entered into a technical pact with Sankara Nethralaya for training of retail and clinic staff. “With a market size of Rs 15 billion to Rs 20 billion, Titan Eye+ is expected to capture a substantial eyewear market share in the near future,” added Govindaraj. Titan Industry also runs Titan Watches and Tanishq jewellery.
—IndiaRetailing Bureau
