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Brand Concepts to invest Rs 50 crore to open new luggage manufacturing plant
Infrastructure - Sep 01,2023 -Brand Concepts Ltd, a fashion retail firm for travel gear, purses, and lifestyle accessories, is investing Rs 50 crore in an Indore hard luggage and soft baggage production plant, said Abhinav Kumar, director and CEO of Brand Concepts.
At present, the manufacturing plant of the company spans across 60,000 sq ft, and with the new manufacturing plant, which spans across 3,50,000 sq.ft., the total area of the manufacturing plant will reach 4,10,000 sq.ft.
"We are planning to open the manufacturing plant in two phases. By the end of phase 1, the company will be able to produce 150,000 hard luggage in a month and by the end of phase 2, it will be able to produce 200,000 luggage in a month," he said.
"We will be utilising this new manufacturing unit to produce products for our own brands and we will also be doing some contract manufacturing for some other brands," he further added.
The company is aiming to complete phase 1 by Q2 of the next fiscal year and by mid of FY 26, the plant will be operating at its full capacity.
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