Titan today said it is planning to foray into frame-making business beginning this year with an initial investment of Rs 40 crore, with a capacity to produce one million frames per year.
“We are planning to foray into frame-making business in two phases. The first phase begins August-September this year,” company’s CEO (Eyewear Division) Ronnie Talati said told reporters after inaugurating a Titan Eyeplus store here. Titan would make an initial investment of Rs 40 crore and “…(we) plan to make one million frames per year at our Chikkaballapur (Karnataka) manufacturing unit,” he said. “We want to make our own frames to save money from being spent on imports, which will benefit consumers, cost-wise,” Talati said, adding it would also help the company sell the end-product in smaller cities and towns.