Last updated : April 09, 2018 11:27 am
MMDI plans to invest about INR 7 crore in next two quarters to import machinery and build infrastructure in producing soft or fabric signage, which is popular in signage industry today for its environment-friendly and aesthetic features.
Talking to Retail4growth, Naresh Kumar Dasari, Director, MMDI, explained, “The signage industry has recently seen a transformation and brands and retailers are looking for fabric options. These signages are not only hazard-free and ecologically-viable but also are aesthetically superior. Unfortunately, the production span is a bit higher than the usual media. Therefore, we were not satisfied with our production capacity even though there’s a rising demand in the market. Hence, we have decided to make some investment towards the infrastructure so that we can match up with the demand.”