Mallcom India aspires to achieve a revenue of Rs 1 billion by 2027-28.
In the next five years, Mallcom India Ltd, a maker of industrial safety equipment, hopes to triple its sales to Rs 1 billion by collecting orders from both local and international markets, according to a senior business executive. Even while demand for industrial safety and personal protective equipment is slow in the near term owing to geopolitical uncertainty, countries across the globe are pursuing a "China plus one" approach to source these items, he said.
"The 'China plus one' approach is being implemented by the main sourcing countries, and India is emerging as an important sourcing destination," Mallcom India Managing Director Ajay Kumar Mall said in an interview with PTI.
"A substantial amount of preparation is required before such a change may take effect. It will take around two to three years. China represents 70% of the USD 62 billion worldwide industrial PPE market, whereas India's participation is just 7%. There is little question that a change in orders would occur under the 'China plus one' strategy, and India will profit "Mall added.
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02-2026
