Kolkata-based eyewear-maker Himalaya Optical is now looking at a pan-India presence. In fact, the company is also eyeing PE funding as a part of its growth strategy. Multiplicity of taxes and varying rates meant that the company was absorbing a variety of costs so as to maintain cost parity across cities. For a pan-India growth, the company will target tier-I and II cities and may later explore tier-III. The company already has 114 stores, with East and North India being its prime markets. It intends to add at least 20-25 stores this year (against 15-odd stores it had been adding annually over the last few years). The company will also expand presence in Delhi, Bengaluru, and so on. Retail sector is now burgeoning with new outlets surfacing at pan-India level. This is an added opportunity for the signage companies whose activities involve in projects on in-store branding, displays and such kinds.
