INSUBCONTINENT EXCLUSIVE:
This expansion aligns with Kai India's 'make in India' initiative, strengthening local manufacturing and meet the increasing demand from
both local and international markets
| Credit: Company Website2 min read Last Updated : Aug 10 2024 | 11:01 PM IST
Kai Group, a Japan-based personal care product and kitchen
equipment maker, said it will invest 300 million yen (around Rs 17.17 crore) to expand production capacity of its manufacturing facility at
Neemrana in Rajasthan.
This latest investment is to increase the production capacity of women's razors by over 5 million units per year,
according to a statement issued by the group's local subsidiary Kai India.
"The group is planning an additional investment, allocated
around 300 million yen, reflecting KAI group's commitment to bolstering its manufacturing infrastructure," it said.
The expected timeline
for the completion of this expansion is five months, and the company expects the enhanced production capacity will be operational by the end
of December 2024.
This expansion aligns with Kai India's 'make in India' initiative, strengthening local manufacturing and meet the
increasing demand from both local and international markets.
Kai India Managing Director Rajesh U Pandya said: "Our enhanced manufacturing
capacity is a testament to our commitment providing high-quality products to our valued customers
We are deeply grateful to our local and international customers for their trust and support."Market demand and growth trends for these
products indicate a "robust increase" driven by rising consumer awareness and the growing emphasis on personal grooming.
"The expanded
production capacity will enable Kai India to meet this surging demand efficiently and maintain its competitive edge in the market," it
added.
Kai Group, established over 115 years ago, entered the Indian market in 2016 and has set up a manufacturing facility at Neemrana in
Rajasthan.(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is
auto-generated from a syndicated feed.)First Published: Aug 10 2024 | 11:01 PMIST
