Titan Eye Plus plans to expand footprints across cities
Leading eyewear brand Titan Eye Plus targets to open 100 new stores in the current fiscal, adding to the existing 400 by expanding its footprint in 50 new cities and towns.
Besides, the company is in the process of setting up spectacle frames manufacturing plant with an investment of Rs 27-30 crore in Chikkaballapur, nearBengaluru. It will have a capacity to manufacture a million units per year.
"We are setting up a frame-making facility next to our lens-making facility. The land for the facility has already been acquired and trial production is expected to begin by the end of the year," Titan Eyewear CEO Ronnie Talati said here today.
The company today launched a satellite lens manufacturing facility at Madhyamgram, near Kolkata in the presence of Bhaskar Bhat, MD, Titan.
The facility, set up with a cost of Rs 4-5 crore, will cater to the entire Eastern region, Bhat said adding this was one of its kind in entire Asia offering 100 percent digital production.
Two such other facilities, one each in Noida and Mumbai, will come up by June this year to cater to North and Western markets.
These will compliment the main lens manufacturing facility at Bengaluru in faster turnaround delivery time.