And enthusiastic with market conditionsthey are enhancing their production capacities, one such player is Bagmaker, considered as one of the leading names in bag manufacturing, which is expanding in Noida with a factory by adding 50 more machines initially. The company originally had a factory in Noida but shifted its production to Gurgaon few years ago, but now as the orders are growing it has decided to restart production in Noida also.
Speaking to AO, Kamaljeet, Proprietor of the company informed that European market at the moment looks very positive and buyers based in Spain are quite responsive, further orders from other markets are also increasing. “If this positive situation remains long, we will install more machines,” he said.
The company, which has just completed 21 years of its working, manufactures various kinds of fashion, travel, storage and beach bags with an annual turnover of almost Rs. 20 crore. As production in new unit will start very soon, it is expecting more than 20 per cent growth over the next year.