Titan, one of India's leading lifestyle companies, has decided to set up a factory in Narayanganj through a joint venture with a local enterprise, Rhythm Group.
This venture aims to manufacture and market products in Bangladesh under Titan's flagship jewellery brand, Tanishq, reports BSS.
Tom this effect, a joint venture agreement was signed between Titan Company Ltd of Tata Group and Rhythm Group at Titan's headquarters in Bangalore, India, on Friday, said a press release.
Titan's Managing Director C. K. Venkatraman and Rhythm Group Managing Director Shohag Hossain inked the deal on behalf of their respective sides. Titan's International Business Division CEO Kuruvilla Markose was present at the event.
Under the agreement, a state-of-the-art manufacturing facility for Tanishq's exquisite jewellery will be established in the Meghna Economic Zone in Narayanganj.
The jewellery to be produced in Bangladesh will not only meet local demand but will be supplied to Tanishq's 450 outlets in India and other countries, thereby generating employment opportunities in Bangladesh.
Titan's jewellery brand to set up factory in BD
FE Team | Published: June 29, 2024 22:11:59
Titan's jewellery brand to set up factory in BD
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