new delhi tata group firm titan co is looking to increase its size by twoandahalf times in the jewellery market over the next five years the company which sells jewellery under tanishq brand is venturing into unexplored markets within india by expanding network and launching new designs we want to become big we want to grow our market size two and a half times in next five years time titan industries ceo new business division l r natarajan told pti according to him titan had sold jewelery worth rs 8000 crore last fiscal this accounted for nearly 4 per cent of the jewellery market in india the current estimated size of the jewellery market in india is around rs 240000 crore he added this fiscal the company is expecting its jewellery sales to be marginally better than last fiscal the company is targeting the middle class who are becoming the biggest consumers of branded jewellery he said adding that titan currently has a network of 150 shops selling tanishq jewellery on the impact of soaring gold prices and restrictions imposed on imports he said gold is available but the cost of acquisition has gone upavailability is there but instead of paying 3 per cent financing cost it has gone up by another 5 per cent titan had opened its third jewellery manufacturing plant at pantnagar uttarakhand this week it has two other units at dehradun uttarakhand and hosur tamil nadu pti published on mar 24 2014 at 0836 am ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etretail app get realtime updates save your favourite articles scan to download app titan industries tanishq homenewstitan aims to double its size in jewellery market in five years