Maruti Interior Products Limited (MIPL), a prominent player in India’s manufacturing sector, has announced its decision to invest in Arrowin Metaltech India Private Limited. Arrowin Metaltech is a leading manufacturer of Telescopic Ball Bearing Slides, a key component in various industrial applications. This move aligns with MIPL’s strategic vision to enhance its market presence in the rapidly growing segment of Telescopic Drawer Slides.
Key Highlights of the Investment:
- Strengthening Local Manufacturing: The investment leverages favorable government policies like the Make in India initiative, Bureau of Indian Standards (BIS) regulations, and the Anti-Dumping Duty (ADD) on Telescopic Ball Bearing Slides to bolster domestic production.
- Commitment to Quality: Arrowin Metaltech has already obtained critical BIS certification, highlighting its adherence to industry standards and commitment to quality.
- Market Expansion: MIPL aims to capitalize on the growing order book and work closely with Arrowin Metaltech to innovate products, improve production processes, and expand its market footprint.
