Nilkamal's mattress division to invest Rs. 60 cr over next 3 years.

The Rs. 2,000 crore, Mumbai headquartered Nilkamal Group which forayed into the mattress market in India two years ago is planning to invest Rs. 60 crore to set up additional factories to manufacture mattresses over the next three years.

The company's mattress division already has two manufacturing units at Hosur near Bangalore and at Dankuni in Kolkata, set up at an investment of Rs. 27 crore which together generate 1,80,000 units per annum.

'We will be investing in setting up three additional factories which will push up the production capacity to 4,50,000 units per annum. The factories will be located in the West, North, and Central India where we hold large parcels of land.

The production output from these new factories will cater to those respective markets, where we currently do not have a significant presence. We will import the best equipment from the US, Italy and Switzerland, similar to ones we have in our existing factories', said Hiten V Parekh, Executive Director, Nilkamal Ltd.