Seiko to expand Indian ties and gain double-digit growth

First published: 10-02-2010

Seiko is planning to double its business in India through the opening of more outlets across the potentially profitable market, following major gains in the luxury accessories sector in the nation.

Head of sales and marketing at Seiko Watch India Niladri Mazumder made the announcement from the company head that the top of the month which specified that the Indian market was still relatively unaffected by the developments to have affected financial markets in the west.

Mr Tetsuji Ishimaru, the managing director of goings-on in India for Seiko, had said that double-digit growth of 20 to 30 per cent in 2010 was possible even though sales were affected by a similar amount of loss during the recession, though India remained resolute.

Mr Mazumder explained the strategy: "Over the next two years, we want to take our retail touch points to 250 through tie-ups with multi-brand stores. We are currently present in 46 cities through 123 high-class retailers."

Seiko is still perhaps most famous for its iconic Pyramid Talk, the world's first quartz talking clock, which it released in 1984.