US firm starts carpet manufacturing plant in Vadodara

VADODARA: Perennials, a US-based firm manufacturing carpets, recently inaugurated its plant at Savli in Vadodara, Gujarat. The company came to India in 2018 and it procured a piece of land in Savli. Products manufactured at its plant here are being exported to the US and Europe. Company officials, though, said that their products may be sold in Indian in future.
Company officials said that they have currently employed 50 employees, majority of whom are experts in hand woven rugs industry.“Our facility is spread on 14,000 square feet of land and the company has expansion plans of 60,000 square feet. We will also increase the number of employees to about 350 in the upcoming quarter,” said Amol Biniwale, managing director, Perennials India. The firm plans to take its employee strength to 500 over the next three years.
The firm will invest anywhere between US $10 million to $12 million at this plant for the first three years. Company officials said that they chose Vadodara to start the facility as it is strategically located and has good rail as well as air connectivity. “Also, its proximity to Surat, the textile hub and placement on the Delhi-Mumbai Industrial Corridor played a role in being preferred as an investment destination,” Biniwale said.