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Timex hopes for better times ahead in India

Timex Group India Ltd, which has been witnessing flat growth in the last couple of years, hopes for a revival in market conditions in 2010-11.

This year (2009-2010), Timex has seen modest growth of 3 percent on the topline for the last nine months and expects 10 percent growth in revenues next year (2010-11).

The Timex Group in India markets 12 brands, including Timex, Versace, Nautica and Guess, spanning a wide price spectrum from INR600 (USD13.55) to a few INR100,000.