(MENAFN) Titan Watches, the world's fifth largest watchmaker, announced it has plans to invest USD12.94 million in the next five years in Oman, as well as increase its customer base to 10 million in the GCC market in the next five years as well, Times of Oman reported.
The company said that they are planning to open another 50 to 80 outlets in Oman in the next few years as a part of Vision 2020, as well as launch Tanishq, India's growing jewellery brand, in Oman.
"Oman is very important market for Titan and that is why we are keen by providing a lot of innovation in our product offering. The challenge in this market, which has too many brands, is to continuously innovate," CEO, Watches & Accessories Division, Titan Company Limited said.
Titan Watches, which is a part of the TATA Group, is one of India's largest multinational cooperation, and has a wide range of pioneering products.
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