Looking To Increase Sourcing In India To 50%: Hafele

New Delhi: German interior solutions provider Hafele is looking to increase sourcing from India to 50 per cent in the midterm with a gradual development of supplier base, according to company South Asia Managing Director Frank Schloeder.

The company is also planning to set up a manufacturing unit to produce some of the items that it produces itself in Europe with investment running into “hundreds of crore of rupees”, while also developing a supplier park with an eye on exporting from India in

the future.

Hafele India, which has a turnover of Rs1,200 crore expects to triple its business here in the next six to seven years but it is facing challenges due to lack of a proper policy framework for the furniture industry and steps such as the quality control order for hinges slated to come on January 1, 2025, Schloeder told PTI in an interview.