The company, which acquired Anchor brand in 2007, has been steadily growing its wiring devices portfolio since then and now aims to focus on new product development and higher exports. It is eyeing to scale up its share of exports from the current 2% to 10% in next seven years.
As part of the strategy, the company will be investing around ₹300 crore afresh at its latest production facility at Sri City in Andhra Pradesh over a period of three to five years which will see its production capacity being scaled up to 300 million pieces of wiring devices (switches and sockets), from its current 120 million.
Denne historien er fra September 09, 2023-utgaven av Financial Express Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Denne historien er fra September 09, 2023-utgaven av Financial Express Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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