Titan Company Ltd.

Titan Industries is planning to spend Rs 450 crore on capital expenditure in 2013-14, a growth of three times over last year spending of Rs 150 crore.

The company is planning to open minimum of 200 outlets for its watch, jewellery, eye wear and fashion accessories business, while it also plans to set up two Greenfield manufacturing plants for watches in Coimbatore and precision engineering in Hosur.

At present, the company is manufacturing 7.6 million watches in Hosur and import high end watch, Xylys from Switzerland.