Safety gear maker Karam to incur ₹300 cr. capex
The Hindu
Karam Group, which manufactures, sells and exports personal safety gears for industrial workers and those working at oil rigs, shipping lines and in hazardous environments, said it would invest ₹300 c
Karam Group, which manufactures, sells and exports personal safety gears for industrial workers and those working at oil rigs, shipping lines and in hazardous environments, said it would invest ₹300 crore in three years in capacity expansion to meet increased demand for its products. “This investment will be self financed, and we are exploring the possibility of setting up a new manufacturing unit either in South or Western India. Besides, we have decided to set up small assembly operations in Brazil and in Africa to be competitive in those markets,” said Hemant Sapra, co-founder and president, global marketing, Karam Group. “We have a roadmap to grow our turnover from ₹600 crore in FY21 to ₹1,500 crore in the next three years and for this need to invest ₹300 crore in capacity expansion,” he added.More Related News
According to BACL, the biophilic-inspired business park will offer smart workspaces within a vibrant public realm. The project’s most exceptional and breathtaking attribute lies in the Urban Forest, a lush oasis in the centre of the development. This green space will serve as a focal point, seamlessly blending indoor and outdoor spaces throughout the area. The upcoming metro station in Airport City will provide seamless connectivity to the business park from the northern side, ensuring convenient accessibility.