After launching personal hygiene and beauty care products by introducing spunlace material in India, Ginni Filaments is considering foraying into medical products using the innovation unit under its consumer products division. |
Sanjay Srivastava, chief operating officer, Ginni Filaments said, "Medical products are on our radar, and we would look at introducing products like disposable gowns, drapes, bed sheets, etc in this category." |
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Explaining the decision to get into the medical products space, Srivastava said that there is a demand for disposable gowns and the like from the medical industry as the costs of dry cleaning and sterilizing these is very high. |
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The company would be introducing these products in another seven months or so. |
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At present, the company is concentrating on the pan India rollout of the beauty and baby wipes, which it has just launched. |
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These wipes are made of spunlace, an engineered fabric which has high water absorbent properties. Srivastava said that the medical products too would be made of the same fabric. |
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According to a feasibility study done by KSA Technopak, the size of the market is estimated at about Rs 1,200 crore, which includes both consumer and medical products. |
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The company would be introducing more products like skin-firming and whitening masks over the next few months. |
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Ginni is setting up India's first spunlace plant with a capacity of 12,000 metric tonne in Gujarat at an investment of Rs 131 crore, which would be functional by the end of the year. |
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The company expects consumer products (excluding medical) to contribute about Rs 100 crore to its total revenue over the next three years. |
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The company would be exporting the spunlace initially to southeast Asian countries and to the Middle East and the products to the Saarc countries. |
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