Milagrow may set up plant for $20-25 mn
Milagrow Humantech, which introduced the floor-cleaning robot in India, has now brought a window cleaning robot. Come 2015, Milagrow hopes to set up a plant to manufacture the products under licence that it markets on Monday. But, the numbers that it sells on Monday are not big enough in scale to warrant a plant, said Rajeev Karwal, founder, Milagrow.
Once the sales reach 50,000 to 60,000 per annum only then will it make economic sense to manufacture the floor-cleaning robot here. But, the company has charted out plans for an investment on a plant when it does come up. As of now, though, the floor-cleaning robots are made in China while the window-cleaning robots will be made in Korea. “We may need to invest $20-25 million on setting up a plant for the manufacture of the floor-cleaning robots. But, we need adequate sales to warrant such a plant,” Karwal said. The company has spent about $2 million on the floor cleaning products on R&D.
to make them suitable for Indian conditions. In the US about 25 per cent of vacuum cleaners are robotic, and so is with the vacuum cleaners sold in Italy. Meanwhile, in the UK about 16 per cent. of the cleaning products are in the cleaning products cleaning manual labour. The floor cleaners are priced in the ranges of Rs 9,900, and Rs 16,900. Meanwhile, the window cleaning robots start at Rs 35,990.
The firm sells about 100 of these floor cleaning robots per month online over flipkart.com alone. The company plans to take its products to 20 cities over the next few months.
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