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Expecting a reversal in the ongoing slowdown in the fast moving consumer goods space, Kolkata- based writing instruments maker Linc Pen & Plastics is eyeing a growth of at least 20 per cent during this fiscal.
“We expect FY13 to be better than FY12. Our objective is to have decent double-digit growth. In 2011-12, the growth was barely 9-10 per cent. This fiscal year should be better and we are aiming for over 20 per cent,” Linc Pen & Plastics Managing Director, Mr Deepak Jalan told PTI.
The company expects to clock revenue of about Rs 325 crore, up from Rs 270 crore last year. With increasing demand, the company plans to set up a manufacturing unit in Gujarat at an investment of Rs 25 crore to ramp up its capacity.
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