Citizen Watches To Invest Rs 20 Cr In India
Japanese watch maker Citizen Watches is planning to invest Rs 20 crore in India this fiscal for opening more stores and introducing new watch models as it eyes to increase foothold in Indian market.
“We have currently 38 exclusive outlets besides presence in around 250 multi-brand outlets in the country. We are planning to set up five more franchisee outlets this year, including two in Delhi, and also increase our multi-brand presence,” Citizen Wat ches India Managing Director Isamu Kawaguchi told PTI.
The company is planning to set up five more exclusive outlets in major cities over the next six months and also introduce new models in the Indian market with an aim of achieving a revenue growth of 20-25 per cent this fiscal over last year’s turnover of Rs 65 crore.
Subscribe to my RSS feed! Thanks for visiting!
