Caparo Group Plans to Set up Plant in India

CaparoActing on Prime Minister Narendra Modi’s ‘Make in India’ campaign, Lord Swaraj Paul’s Caparo group plans to set up a manufacturing facility in India to produce its range of luxury mattresses by end of next fiscal.

“We plan to set up a manufacturing facility for mattresses in Bawal in Haryana by end of year 2015. We want to build the plant that has the right scale  and right skill,” Caparo India Chairman, Mr. Angad Paul said.

Paul did not share details of investment the company will be making in the new plant. At present, Caparo’s luxury mattress range ‘Dream Catcher’ priced between Rs. 1.5-20 lakh, is imported from UK.

The company, which has opened an exclusive showroom in Gurgaon, plans to open SwarajPaulmore showrooms in metros and mini metros in the coming months, the company in a statement said.

Asked if the company is looking at launching cheaper version of the mattresses, Paul said that it will not compromise with quality to sell a lower priced product.

Caparo, which has a business partnership with UK’s Harrison Spinks to make mattresses, also plans to export made in India mattresses across the world


Reference Link