Madhu Infotech India planning to set up Bags & Accessories Project in Karnataka

Madhu Infotech India Private Limited is planning a new bag and accessory project in Bengaluru, Karnataka's Haralur Mudenahalli Industrial Area. The project is set to begin in August 2024 and will be erected on a 2.5-acre plot of land. The project would cost Rs. 16 crores and is projected to take 1.5 years to complete. Backpacks, laptop bags, travel bags, purses, and wallets will be produced as part of the new bags and accessories project. 

The initiative is intended to generate more than 200 new jobs and stimulate the local economy. Madhu Infotech India Private Limited's expansion of its operations is a significant step for the Indian bags and accessories industry. India is one of the world's leading producers of bags and accessories, and the expansion of Madhu Infotech India Private Limited's capacity will further strengthen India's position in this global market. 

Here are some of the benefits of the new Madhu Infotech India Private Limited bags and accessories project: It will increase India's production capacity of bags and accessories, which will help to reduce India's dependence on imports of bags and accessories. It will create new jobs and boost the local economy. It will help to attract new investments in the Indian bags and accessories industry. It will strengthen India's position in the global bags and accessories market.

As of September 2023, The project is now in the stage of receiving approvals & has obtained all necessary government permissions work of the project is anticipated to occur in either 2023 or 2024.

News by Rahul Yeligetti