The world renowned Swiss watchmaker, Rado expects that Gujarat will contribute significantly in its overall sales across India. It targets more than 40% sales growth in Gujarat, which is more than national target of 30%.

The company also plans to expand number of its boutiques in India from 12 to 20 by end of current calendar year. While launching company's first exclusive boutique in Ahemdabad, Roland Streule, president of Rado said, "Though India has not been contributing substantially in our revenues like other countries, it will become the fastest growing market for the company in coming years. Gujarat is also a promising market for us and we expect higher growth in the state. Ahmedabad also finds a place in the top ten markets in India."

"Unlike other countries, India is less affected by the global slowdown. In the US and other western countries, our sales have been reduced, but in India we are able to maintain our growth," he added.

Rado offers wide range of watches for its customers starting from Rs10,000 to more than Rs1 lakh including its sister concern brand called Tissot.

DNA Money Correspondent/ DNA-Daily News & Analysis Source: 3D Syndication