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Aparna Enterprises Limited has announced plans to invest ₹100 crore to build its aluminium window and door system brand Alteza in the next 4 years.
The investments will be used for strengthening its product portfolio, manufacturing facility and retailing. It also launched its latest range of slim aluminium sliding door system ACA M-19 Series.
Ashwin Reddy, MD, Aparna Enterprises, in a statement, said, “Of the ₹100-crore outlay, 60 per cent of the funds will be directed towards strengthening the manufacturing capacity and the rest towards R&D and building our dealership network. We are optimistic Alteza will capture 8-10% of the organized aluminium door and window market by 2025.”
Aluminium window and door system market in India is close to ₹20,000 crore, and it is growing at a CAGR of 7.9%.
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