Accent Industries Limited planning to set up Industrial Safety Gloves Unit in Maharashtra

Accent Industries Limited intends to establish a new industrial safety glove project in Amravati, Maharashtra. The project is projected to cost approximately Rs. 25 crore. And the project capacity is 315.36 lakh units of industrial safety gloves. The company intends to capitalize on India's expanding need for industrial safety gloves. Over the next few years, the market for industrial safety gloves is predicted to develop at a CAGR of 10%. The new development will be built on a 10-acre land in Amravati. The company intends to manufacture a wide range of industrial safety gloves, including cut-resistant, heat-resistant, and chemical-resistant gloves. The gloves will be made of high-quality materials that exceed international requirements.

 The project is projected to take two years to complete. The company is optimistic that the initiative will be a success, allowing it to increase its market position in the industrial safety gloves area. Accent Industries Limited is establishing a new industrial safety gloves project in Amravati for the following reasons: Amravati is a significant industrial center in Maharashtra. A lot of manufacturing industries in the city require industrial safety gloves. In Amravari, the cost of land and labor is relatively inexpensive. This will assist the company in lowering its production expenses. 

The Maharashtra government is offering incentives to companies who establish manufacturing plants in the state. Accent Industries Limited will be able to cut costs even further as a result of this. Accent Industries Limited has made a significant investment in the new industrial safety gloves project. The project is projected to generate jobs and strengthen Amravati's economy.

As of September 2023, The project is currently in the stage of being approved currently awaiting approval from the government.

News by Rahul Yeligetti