Quest lines up $ 110 mn investment in S India

Chennai, Feb 18 (UNI) Hong Kong-based Quest International (QI) has lined up a string of investment proposals for India including a five-star hotel, business class resorts and two watch making units in South India involving a total investment of over 100 million US Dollar, according to a top official.

Talking to UNI on the sidelines of Madras Management Association (MMA) Convention here, QI Group MD and CEO Vijay Easwaran said the group had already bought the world renowned Swiss watch brand "Cimier" and would be setting up its assembling unit in Andhra Pradesh, its first unit outside Switzerland.

The group company had approached Andhra Pradesh Government when Mr N Chandrababu Naidu was the Chief Minister to set up the unit at Rishivalley to manufacture "Cimier," the 80-year-old elite brand.

Mr Easwaran said the special handicrafted watches priced between 500 USD to 5,000 USD would be made in stages with the company making leather straps and buckles in the first stage.

In the subsequent stages, the company would make the cases and dials. Finally, it would work on the machines for which young and talented Indians would be trained on technology and craftsmanship.

"We are looking at this as a five-year programme," he added.

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