MUMBAI: Writing instruments firm BIC Cello today said it is setting up its largest manufacturing unit at Vapi, Gujarat, at an investment of Rs 210 crore.
The new unit, which will become operational by end of 2018, will manufacture 400 million units of pens.
"Post completion of phase I in 2018, the new manufacturing unit in Vapi will produce over 400 million units of ball point pens and gel pens every year," it said in a statement issued here.
Currently, the company has eight plants operational in India, of which seven are located in Daman and one in Haridwar, Uttarakhand. These factories manufacture about 1.3 billion units of writing instruments per year.
"We at BIC Cello have an ambitious plan for India and are excited to locate the largest stationery manufacturing facility in Asia in Gujarat. This new facility will introduce world class manufacturing technologies to India and reinforce our position as number one writing instruments brand in the country," BIC Cello India General Manager Ratanjit Das said.