Thomas Scott (India) is setting up of new manufacturing activities at Plot No. 20, Sector-33, HUDA, Gurugram, Haryana in the name of Leatherwood International (Division of Thomas Scott India) for mainly Sustainable and eco-friendly manufacturing process to make articles of men and women accessories such as belts, wallets, computer bags, ladies bags, back packs, gifts and placement articles etc. with annual capacity of around 7,00,000 units.
The production shall commence from December 15, 2021. Investment required for proposed capacity is Rs 40-50 million including working capital.
Shares of the company gained Rs 1.75, or 4.94%, to trade at Rs 37.15. The total volume of shares traded was 1,819 at the BSE (2.51 p.m, Friday).
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