MIP forays into Indian market
MIP Inc, a global leader in reusable healthcare textile industry, was launched in India on December 13, 2019 by Tor Lund, President and CEO of MIP Inc, and Bollywood actor Ameesha Patel in presence of top doctors, healthcare professionals and policy makers.
MIP Inc has come to India after being in the business of reusable healthcare textiles for the last 40 years. MIP, which started its journey in 1977 from Canada, today is a manufacturer and distributor of high performance textile and related products to healthcare facilities and distributors and outsourced laundry service providers. The brand is a market leader in Canada and enjoys significant and growing market positions in the US, UK and continental Europe. MIP has manufacturing facilities in Quebec, China and Germany. The brand is worth Canadian Dollar $115 million.
Tor Lund, President and CEO of MIP Inc, commented, “This is an exciting time for MIP as the brand has experienced strong growth in revenue and market share across the globe. Having make our presence felt it in Canada, US, UK and Europe, we felt this was an opportune time to enter the growing Indian healthcare sector. With a proud history of supplying quality products and providing outstanding service we have a long-term strategy for India. We wish our employees and stake-holders in India the very best.â€
Adding her views, Bollywood actor, Ameesha Patel, said, “I am happy to be here at the start of MIP Inc. India journey. It is a well-recognised brand and a leader in its segment and I believe that they will revolutionise the reusable healthcare textile segment in India.â€
Explaining the reason behind MIP’s entry into the Indian market, Tor said, “The Indian health care market is growing rapidly and increasingly becoming more sophisticated and we have had the fortune of teaming up with a local team that has the passion, dedication, knowledge as well as shared values with the MIP culture. In addition, there seems to be an increasing need for high quality textile products that support the world class medical infrastructure and expertise that currently exists.â€
CATEGORIES Apparels & Garments