SBI Term Loan: RLLR: 8.15 | 7.25% - 8.45%
Canara Bank: RLLR: 8 | 7.15% - 10%
ICICI Bank: RLLR: -- | 8.5% - 9.65%
Punjab & Sind Bank: RLLR: 7.3 | 7.3% - 10.7%
Bank of Baroda: RLLR: 7.9 | 7.2% - 8.95%
Federal Bank: RLLR: -- | 8.75% - 10%
IndusInd Bank: RLLR: -- | 7.5% - 9.75%
Bank of Maharashtra: RLLR: 8.05 | 7.1% - 9.15%
Yes Bank: RLLR: -- | 7.4% - 10.54%
Karur Vysya Bank: RLLR: 8.8 | 8.5% - 10.65%

Mallcom invests INR 100 crore in Gujarat PPE manufacturing hub

#Taxation & Finance News#Industrial#India#Gujarat
Synopsis

Kolkata-based PPE manufacturer Mallcom India Ltd has invested more than INR 100 crore in a new manufacturing facility at Sanand, Gujarat, as part of its efforts to expand domestic production, increase localisation and reduce reliance on imports. The facility, which is the company’s 17th manufacturing unit, currently employs over 200 people and is expected to create more than 300 jobs by next year. The plant manufactures NBR and PU gloves, safety helmets and bump caps, and houses what the company describes as India’s first domestic tariff area unit for Protech PU gloves. The investment forms part of Mallcom’s broader strategy to strengthen its manufacturing footprint and support product innovation within the personal protective equipment sector.

Mallcom India Ltd has invested more than INR 100 crore in a new manufacturing facility at Sanand, Gujarat, expanding its domestic production network and reinforcing its focus on localisation within the personal protective equipment (PPE) sector. The announcement was made in the past week as the Kolkata-headquartered company outlined plans to reduce import dependence and strengthen manufacturing capabilities in India. 
The Sanand facility is the company’s 17th manufacturing unit and represents a significant addition to its production infrastructure. According to the company, the plant currently provides employment to more than 200 people and is expected to generate over 300 jobs by next year as operations continue to scale up. 
The facility manufactures a range of PPE products, including nitrile butadiene rubber (NBR) gloves, polyurethane (PU) gloves, safety helmets and bump caps. The investment is aimed at expanding the company’s domestic manufacturing capacity while supporting increased localisation across product categories that have traditionally relied on imported supplies. 
As part of the expansion, Mallcom has commissioned a new NBR glove dipping line equipped with online printing and stripping facilities. The company has also commenced local production of its Protech PU gloves at the Sanand plant. These products were previously sourced through imports, making the new facility an important step towards domestic manufacturing of specialised PPE products. 
A key feature of the project is the establishment of what the company described as India’s first domestic tariff area (DTA) unit for the manufacture of Protech PU gloves. The initiative is intended to reduce dependence on overseas suppliers in a segment where imported products have historically dominated the market. 
Commenting on the development, Mallcom Executive Director Giriraj Mall stated that the Sanand facility marked an important stage in the company’s expansion programme and reflected its commitment to building manufacturing capabilities that are globally competitive while being based in India. 
The company said the new unit is expected to play a central role in its long-term manufacturing roadmap. In addition to increasing production capacities, the facility is intended to support product development and innovation across the PPE segment. It also broadens Mallcom’s manufacturing presence beyond its existing operational bases in West Bengal and Uttarakhand. 
The investment comes as manufacturers across industrial and safety equipment sectors increasingly focus on domestic production and supply-chain resilience. Through the Sanand facility, Mallcom aims to strengthen its position in the PPE market while supporting employment generation and expanding its manufacturing footprint in western India. 
Source - PTI

Discussion

Have something to say? Post your comment