Tanishq Launches Jewelry Brand in Bangladesh - Titan Company
By Rediff Money Desk, New Delhi Jun 29, 2024 15:50
Titan Company launches its jewelry brand Tanishq in Bangladesh through a joint venture with Rhythm Group. The move expands Tanishq's international presence.
New Delhi, Jun 29 (PTI) Titan Company on Saturday said it is launching its jewellery brand Tanishq in Bangladesh as part of expansion plans in the international market.
On Friday, the Tata Group-managed firm signed a JV agreement to this effect with Rhythm Group which will make Tanishq available across the Bangladesh market, according to a joint statement.
The joint venture will commence with the opening of the manufacturing facility in Narayanganj, in Bangladesh, it added.
Besides the domestic market, Titan is expanding Tanishq's presence in the international market and operates 17 stores across the UAE, US, Qatar, Singapore and Oman.
Its watch business has a presence in SAARC, MENA (Middle East and North Africa), Southeast Asian regions. In the last few years, it has focused on growing its flagship jewellery brand Tanishq overseas.
Rhythm Group is a prominent entity in Bangladesh that was established in 1972 to produce desi textile fabrics and since then it has expanded into several verticals.
Through this joint venture Titan aims to combine Tanishq's unparalleled artisanship and brand legacy with Rhythm Group's strong market presence and local expertise in Bangladesh, to manufacture and sell jewellery to discerning Bangladeshi consumers, it said.
Titan Company MD C K Venkataraman said: "Together, we will leverage our combined strengths to elevate the jewellery industry in Bangladesh and make Bangladesh the hub for making Tanishq Exquisite Jewellery for the world,
Titan Company is a joint venture between Tata Group and Tamil Nadu Industrial Development Corporation (TIDCO).
On Friday, the Tata Group-managed firm signed a JV agreement to this effect with Rhythm Group which will make Tanishq available across the Bangladesh market, according to a joint statement.
The joint venture will commence with the opening of the manufacturing facility in Narayanganj, in Bangladesh, it added.
Besides the domestic market, Titan is expanding Tanishq's presence in the international market and operates 17 stores across the UAE, US, Qatar, Singapore and Oman.
Its watch business has a presence in SAARC, MENA (Middle East and North Africa), Southeast Asian regions. In the last few years, it has focused on growing its flagship jewellery brand Tanishq overseas.
Rhythm Group is a prominent entity in Bangladesh that was established in 1972 to produce desi textile fabrics and since then it has expanded into several verticals.
Through this joint venture Titan aims to combine Tanishq's unparalleled artisanship and brand legacy with Rhythm Group's strong market presence and local expertise in Bangladesh, to manufacture and sell jewellery to discerning Bangladeshi consumers, it said.
Titan Company MD C K Venkataraman said: "Together, we will leverage our combined strengths to elevate the jewellery industry in Bangladesh and make Bangladesh the hub for making Tanishq Exquisite Jewellery for the world,
Titan Company is a joint venture between Tata Group and Tamil Nadu Industrial Development Corporation (TIDCO).
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Vodafone Idea L
- 9.80 ( -0.71)
- 44492337
- G V Films
- 0.94 (+ 9.30)
- 37404318
- Jaiprakash Power Ven
- 19.44 ( -3.38)
- 30530141
- Spicejet Ltd.
- 62.79 ( -4.25)
- 22824171
- Srestha Finvest
- 0.89 (+ 4.71)
- 21696619
MORE NEWS
Adani Launches India's Largest Hydrogen...
Adani Group has begun blending green hydrogen into natural gas supplied to homes in...
Bandhan Bank Q2 Business Growth: 24.6% Rise
Bandhan Bank's total business surged by 24.6% in Q2 FY25, reaching Rs 2,73,163 crore....
IPO Market Slowdown: 2 Issues Next Week -...
India's IPO market sees a temporary slowdown with only 2 new issues next week,...