from Special Correspondent
Daijiworld Media Network - Panaji (GA)

Panaji, Oct 22: Mumbai-based Tara Ultimo Pvt Ltd, a company manufacturing and retailing in jewellary, plans for its own 50 outlets in next two years.
 
The company launched its maiden first store in the State in association with state’s major industrial group – Alcon.
 
The Rs 1243-crore-company after spreading its wing in places like New York, Germany, Australia, Japan, China, UK and Los Angeles, has decided to consolidate its position in India’s retail market.
 
“We will have our presence in almost all the states beginning from Goa. The stores are planned in most of the two-tier and three-tier cities,” said Priti Shah, manager (Sales), Tara Jewels Exports Pvt Ltd.
 
After Goa, the stores are planned in Mumbai and Chandigarh followed by Pune, Raipur, Mumbai (second store), Delhi and South Indian towns, she stated.
 
The flagship company, Tara group, has established in 1994 in Mumbai with the aim to manufacture and export the jewelry.
 
Shah said that in India jewelry has been looked upon as a good investment option, which insulates the trade from any kind of market upheavals. “On an average, there is 33 per cent increase in retail jewelry market in India. About our stores, we cannot say because we have just begun,” she added.
 
“The company intends to bring international standards to India in the retail segment. This covers quality, value for money, simplicity, transparency and easy transaction,” Rajeev Seth, chairman and managing director, Tara Ultimo Pvt Ltd, stated.
 
The company is optimistic of flagging start with its store in the State. “Goa is a happening place. We bank on local as well as tourist clientele here,” Shah said.