With Modi government-initiated many supportive programs like Aatmanirbhar Bharat and Vocal For Local, local manufactures and industries are also seeing better prospects in future and that’s why they are gearing up invest more to give a boost to their business.
Now, in a latest development, handmade carpets and rugs brand, Greyweave, is all geared up to invest Rs 7.5 million for the firm’s offline expansion plan. “With already topping the charts in terms of India’s largest online organised collection of carpets and rugs of all styles, the offline expansion will be a further shot in the arm for the company,” Greyweave said in a statement.
“The offline expansion plan will see the light of the day in two vibrant cities – Jaipur and Bengaluru. Out of total investment of Rs 75 lakhs meant for offline presence for Greyweave, Pink City and Garden City will get Rs 25 lakhs and Rs 50 lakhs respectively. Two cities have been earmarked and finalised after in-depth data analysis and comprehensive market research. Both the cities are witnessing growing demands of organised collection of carpets and rugs of all styles,” the statement added.
Commenting on the offline expansion plan in Jaipur and Bengaluru, Greyweave.com’s CEO