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Kenwood plans manufacturing facility in India, presence in 2000 outlets by 2011

The UK-based premium kitchen appliances maker, Kenwood, contemplates setting up manufacturing facility in India once it reaches a certain scale in the next two years. The company is currently working with one contract manufacturer based out of Coimbatore for India-specific products. Launching the company’s 65 products across 12 categories in the Hyderabad market, its expectation is to garner Rs 70 crore revenues from India in the current financial year. Kenwood is in final stages of negotiations with large-format retail chains in India as it plans to present in about 2,000 outlets by March 2011. Kenwood’s expansion will boost the existing opportunity for the signage companies extensively engaging in the in-store/retail sector.

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