Real Innerspring Technologies plans to invest Rs 400 crore, including setting up of three new manufacturing plants, in the next 4-5 years for expansion in the country. The company is scouting for location in South India to set up a plant to cater to the demand in the region. RITL had entered into long-term licence agreement for the Indian market with the US-based King Koil earlier this year. The company plans to introduce the King Koil brand to 300 to 450 multi-brand outlets this year.
Project Value
INR 400 Crore /-
Conceptual Stage
Not Specified
India
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