Brand HMT Watches-No More

[H.B Annapurna]

Good EveninG Alumni,

END OF AN ERA

Cabniet Approves Closure Of HMT Watches.

1953 Company Established, First Factory Of Machine Tools Set Up

1961 Forays Into Watch Manufactring In Collaboration With Citizen Watch Company Of Japan

1972 Two More Units Set Up On Banglore nd Srinagar

1975 Goes Solo, Accquires Technical Knowhow Of Mechanical Watchmaking

1983 First Quartz Making Unit In Tumkur

1985 One More Unit, This Time At Ranibagh (Uttarkhan) Set Up.

2000 Restructing Of HMT Watch Business Group, Losses Mount.

2006 Finance Ministry Opposes A Revival Plan Approved By BIFT

2015, Union Government Says In Lok Sabha That HMT will Be Closed.

Jan.6, 2016 Cabinet Committe On Economic Affairs (CCEA) clears To Close Down HMT Watches, HMT Chinar,Watches Ltd And HMT Bearings LTD.

With The Closure Of HMT Watches Becoming A Reality, The Watch Maker Will Finally Stop Ticking.

In All, There Are 32 Central Enterprises Under The Department Of Heavy Industry Of Which 12 Are Making Profits And The Remaining 19 Are Incurring Losses