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Omega bullish on India

November 08, 2005 18:37 IST

Swiss watch major Omega on Tuesday said India would emerge as its top five markets in the world in the coming years.

Speaking after opening its first exclusive 'Omega boutique' in Chennai, Stephen Urquhart, president of

Omega International, told reporters that China and India were key markets for the watch major.

China has already overtaken Japan and the US to become the number one market for the Swiss luxury watch company.

"India is an important market for Omega," he said.

Omega plans to open three-four similar boutiques next year. In addition, the company would also open its second outlet in Delhi this year.

With a market share of 30 per cent in the Rs 900 crore (Rs 9 billion) premium watch segment in India, Omega was the number one player in the segment, he said.

The premium segment starts at Rs 60,000 to upwards.

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