Aatmanirbhar Bharat; Vocal For Local: Eyeing offline expansion! Greyweave to invest this amount in Jaipur and Bengaluru

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 Vikas Gupta said, "We will leave no stone unturned to deliver our best in Pink City and Garden City where people can come and experience the one of the finest collection of carpets and rugs of all styles, that too handmade."

"As we are already topping the charts in terms of India's largest online organised collection of carpets and rugs of all styles, for us it becomes even more important to live up to the expectations of our existing customers and prospective buyers. At Greyweave, quality is of foremost importance, and that's what we assure and promise to deliver," Vikas Gupta added.

"In addition to opening channels for people who want to experience the product before buying, offline expansion plan in Jaipur and Bengaluru is expected to generate employment and jobs for locals too," concludes Vikas Gupta.

Meanwhile, the government has proposed a scheme for setting up mega textile parks in the country to enable India's textile industry to become globally competitive, attract large investments and boost employment generation through creation of world-class infrastructure. Finance Minister Nirmala Sitharaman made the announcement while presenting the Budget for 2021-22 in Parliament. She said that seven mega textile parks will be established over three years as part of the scheme

"To enable the textile industry to become globally competitive, attract large investments and boost employment generation, a scheme of mega investment textile park will be launched in addition to the PLI schemes," Sitharaman said. "This will create world-class infrastructure with plug-and-play facilities to enable create global champions in exports. Seven textile parks will be established over three years," she added.

The mega textile parks will have integrated facilities and quick turnaround time for minimizing transportation losses, eyeing big-ticket investments in the sector.