Brand Concepts Ltd, a fashion retail house for travel gear, handbags, and lifestyle accessories, is investing Rs 50 crore in an Indore hard luggage and soft luggage manufacturing plant. Abhinav Kumar, director and CEO of Brand Concepts, told ETRetail exclusively.
The company's current manufacturing plant spans 60,000 square feet, and with the new manufacturing plant, which spans 3,50,000 square feet, the total area of the manufacturing plant will reach 4,10,000 square feet.
"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 use this new manufacturing unit to produce products for our own brands, as well as some contract manufacturing for other brands," he added.
The company plans to complete phase 1 by the second quarter of the next fiscal year, and the plant will be fully operational by the middle of FY 26.
"In addition, we are establishing a soft luggage manufacturing plant." We will be able to produce 20,000 soft luggage per month by the end of phase 1, and 40,000 soft luggage per month by the end of phase 2.
The company currently produces 100,000 backpacks per month and has no plans to increase production.