The second phase of expansion at Samsonite South Asia’s Nashik plant will cost 160 crore rupees. This is because demand for travel luggage has increased significantly since the impact of the Covid-19 pandemic.
Samsonite South Asia is the world’s largest manufacturer of lifestyle bags and travel luggage.
By the end of next year, the company will invest between Rs. 110 and Rs. 115 crore to increase its hard luggage manufacturing capacity from 5 lakh pieces per month to 7.5 lakh pieces.
With a 45 crore investment, automated warehouses will also be set up. The excess land that is available in Nashik will be used for the present expansion, which is 1,80,000 square feet.
Jai Krishnan, Chief Executive Officer (India) Samsonite South Asia said the current capacity has reached the optimal level and there is huge pressure on the company to complete the expansion as early as possible.
The construction for the new plant will start soon and by this year-end.
