Vadodara based Mass Packsol's packaging foray gets a Rs 60-crore initial leg up
Mass Packsol, a packaging firm set up by promoters of Mass Infrastructure and other group companies has invested Rs 60-crore in machinery and infrastructure at Karjan in Vadodara, Gujarat.
08 Dec 2010 | By PrintWeek India
"We meticulously conceptualised the project that would be flexible enough to carry us through from a start-up with few orders to a high-volume capacity, which is our goal," said the twenty-year old final year student of engineering, CEO and MD of Mass Packsols, Moni Patel.
Patel is optimistic about the growing demand for packaging products, which rests on the relatively low per capita paper consumption in India as compared to international standards. He said: "I believe the consumption of packaging products is bound to grow what with packaging becoming an important component of the overall marketing experience."
Mass has resumed commercial operation with a staff of 35 drawn and plans to run operation 24x7 soon.
Patel’s father Arvind is the chairman of the firm, who said that this is the first phase of the investment, "We expect to complete the Rs 100-crore investment in the next few months."
Mass’ 35,000 sq/ft production plant on a 10-acre site.