Global luggage company Samsonite is looking to make India a key sourcing hub as China loses its cost advantage due to the appreciation of its renminbi currency and stricter labour laws.
Samsonite, which currently sources one-lakh units of luggage per month from its manufacturing unit in Nasik and through long-term agreements with other manufacturers, will more than double this over the next three years, Samsonite president (Greater Asia) Ramesh Tainwala said.
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