Spread over 1.21 acres and a built-up area of about 85,000 square feet, the plant will have a production capacity of 10 lakh pieces per year, it said. Anuj Sawhney, managing director of the company said, "Our own manufacturing capabilities will help establish Swiss Military's commitment to modernisation within the travel gear sector in the Indian market and to shorten go-to-market timelines with new products."
ADIA and KKR invest $1.5 billion in RRVL's warehousing assets, managed by RPPMSL. RRVL transfers assets to RLWH. Financial details include debt, NCDs, and equity. RRVL's growth supported by investments and strategic partnerships.
"There are immense opportunities in the packaged food industry in India which is growing rapidly at 20-25 per cent. The funding partnership with Aavishkaar Capital will help Go DESi strengthen its product portfolio, accelerate marketing, rapidly scale our geographic focus and expand our distribution reach," Vinay Kothari, Founder, Go DESi, said.
India's gold demand increased 8% to Rs 75,470 crore in March quarter, supported by strong economic environment and aggressive gold buying by RBI. Jewellery demand rose 4%, investment demand grew 19%. RBI plans to continue gold purchase.
This round would take homegrown eyewear company Lenskart's valuation to over three times that of Warby Parker, a New York-based online retailer for spectacles and contact lens. Warby Parker listed on the NYSE late in 2022 and has a market capitalisation of around $1.55 billion.
Parsons Nutritionals specializes in the production of a wide array of packaged food and beverages, ranging from cookies and biscuits to chocolates, confectionery, malted beverages, and ready-drink mixes. Swapandeep Mann, promoter and CEO of Parsons Nutritionals, said "On the back of strong tailwinds in the Indian manufacturing sector, we're focused on doubling down on our capabilities and replicating the deep partnerships with many more premier brands."
The government in 2021 announced PLI schemes for 14 sectors such as telecommunication, white goods, textiles, manufacturing of medical devices, automobiles, speciality steel, food products, high-efficiency solar PV modules, advanced chemistry cell battery, drones, and pharma with an outlay of Rs 1.97 lakh crore.
V Anantha Nageswaran anticipates more job opportunities with improved capital formation, evidenced by positive signs in various sectors. The economy shows potential for growth with streamlined policies and a focus on job creation.
Seeing the rising demand for its product and the growth momentum, Upliance.ai aims to reach the Rs 500 crore sales mark by next year's end. In this calendar year, it is eyeing to close at Rs 150 crore in overall sales. The Bengaluru-based brand is now strategically expanding towards accelerating product expansion. This involves significant investments in tooling and advanced manufacturing techniques.
"In our endeavour to expand our distribution and reach to our consumers, we have earmarked a capital expenditure (capex) outlay of over Rs 750 crore to enhance our dairy and F&V (fruits and vegetables) processing capacities across key locations," Mother Dairy Fruits and Vegetables Pvt Ltd MD Manish Bandlish told PTI. Mother Dairy is coming up with a big dairy plant in Nagpur, Maharashtra with an investment of around Rs 525 crore, he said.
Toys and stationery manufacturer Stone Sapphire India will invest Rs 1,000 crore to set up a manufacturing facility for homewares in Baroda. The plant will manufacture small kitchen appliances, metal cookware, and drinkware.
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