-69.10 (-1.67%) Titan Company’s jewellery retail chain arm -- Tanishq is planning to begin exports to Gulf Cooperation Council (GCC) nations in an attempt to cater to the NRI community. In this regard, the company is finalising partners in these countries and would start exports to UAE by next month.
Further, the company would be looking at starting shop-in-shops under the brand Tanishq. The company is seeing potential in expanding the brand to these countries for creating a new market, the move would also help comply the 20:80 regulation, under which it has to export 20 per cent of the imported gold as jewellery.
Recently, Tanishq opened its new showroom in Bangalore. It is the 162nd showroom in Tanishq’s network. With this new showroom, the company aims to provide a unique jewellery shopping experience with a world-class retail ambience and personal interaction apart from high quality products.