Major Indian bathroom fittings manufacturer Jaquar is planning to expand lighting to a Rs 10 billion business in the next two-three years, according to a Times of India report.
Jaquar’s Promoter and Director Rajesh Mehra said that the company is producing LED (light-emitting diode) lamps and fittings also. In FY’17, sales from lighting was just Rs 1 billion but this fiscal it will be Rs 2.5 billion and in the next two-three years it will be a Rs 10 billion vertical,” said Jaquar’s Promoter and Director Rajesh Mehra.
He added that Jaquar is focusing on lighting in a big way and planning a second lighting plant near Delhi-NCR at a cost of Rs 1.5 billion to scale up the business.
The company’s capital expenditure for the fiscal year (FY) 2018 is about Rs 3 billion to expand lighting and bathroom fitting business.
Reports suggest the leading bathroom and wellness solutions brand is also planning to expand its manufacturing capacity in India, across its various products, in support of the “Make in India” initiative launched the Central government, and also tap the global market with the slogan “Proudly made in India for the world.”
