Companies operating in India's Consumer Goods sector reported substantial growth in the quarter that ended December 31st, fueled by the stabilization of GST reforms and a strong Diwali holiday shopping season. Major Indian players such as Dabur, Marico, and Godrej Consumer Products (GCPL) report that the previous disruptions caused by...
Tata Group’s Titan Expands to Michigan
Titan Engineering & Automation Limited (TEAL), a wholly owned subsidiary of the Bangalore-based Titan Company, has incorporated a wholly owned subsidiary TEAL USA Inc., in the State of Michigan. The entity was approved by the Michigan Department of Licensing and Regulatory Affairs. 100 per cent of the paid up share...
India Is Fastest Growing Market for Montblanc Pens
Chief executive, Nicolas Baretzki of Montblanc International said that India will continue to be the fastest growing market for the German company's luxury writing instruments and accessories. Montblanc has ten boutiques in the country and plans to open five new stores every year for the next three years, Baretzki added....
In India, Montblanc's Luxury Goods Looking Up
European luxury firm Maison Montblanc, which has a joint venture with India's Bangalore-based Titan, is looking at a turnover of $100 million over the next four years. The joint venture currently has seven boutique stores, and Titan's managing director Bhaskar Bhat said, "We have a plan for about 25 stores...
Timex to start sourcing from India
Timex is considering making India a global sourcing base to reduce manufacturing costs, a senior executive said. Currently, Timex has its global manufacturing hubs in Hong Kong, China and Japan. “A high-level team is working on a project to identify what all can be imported from India and what will...