Titan sets to create a niche in South African market

Titan Industries Ltd has announced its plans to mark its presence in the South African market in a few months and expects nearly 10 per cent of revenue from watch export in five years.

According to Bhaskar Bhat, Managing Director of Titan, the company has found a distributor in South Africa, who will be a partner for the venture. He added that the company is aiming as high as 10 per cent growth from the venture in the next five years. Bhat forecasts the revenue to grow by 20-25 per cent in FY11.

The firm had earlier said it was exploring possibilities to expand business in Asia and South Africa.