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Furniture manufacturer and retailer Timbor Home has received afunding of Rs 6 crore from the Small Industries Development Bank ofIndia (SIDBI) to set up high-end "IKI" kitchen storesnationally in the current financial year. While the company"sexisting 100-plus "Timbor Cucine" modular kitchenstores are targeted at the price-conscious spending class, the IKIkitchen stores are positioned to attract the premium upper-end ofthe young Indian consumers. Commenting on the new focus area of the company, Anant Maloo,Chairman and MD, Timbor Home, said: "Through IKI kitchens weare bringing to India the newest concept of ‘IntelligentKitchen" by offering customised high-end kitchen solutionsthrough a world class range of cabinetry, shutters, storage, andhardware, including exclusive handles and special kitchen lightfittings. IKI kitchens will be showcasing Hettich"s awardwinning Red Dot design and many similar state-of-the-art products.With Rs 6 crore funding from SIDBI, we will be able to put in place30 such high-end kitchen stores across all major cities in Indiaduring this financial year." The modular kitchen market in India is still at a nascent stage buthas tremendous growth potential. It has been growing at 50 percentper annum and is expected to maintain this growth rate for somemore years. Modular kitchens are customised according to consumerrequirements, and can be set up with various accessories andappliances such as chimney and burner based on consumer needs. Theycan also be expanded or reduced in size at later stages, and can befully relocated too. According to the company officials, Timbor Home is a manufacturerand retailer of solid wood furniture, modular kitchens, and doors.The company has a pan-India distribution network of over 130showrooms, which include 9 large format company-owned stores. Thesestores are spread across 20 states and 80 cities, and cover a totalretail space in excess of 150,000 sq.ft. Products of the companyare marketed under the brand names "Timbor Cucine" formodular kitchens, "Timbor Doors" for doors and doorframes, "Timbor Home" for home furniture, "TimborCook Care" for cookware, and "IKI Kitchens" forhigh-end kitchen solutions. Its manufacturing units at Changodarand Vatva GIDC (Ahmedabad) and at Umreth (Anand) use Italiantechnology. -IndiaRetailing Bureau. The e-commerce company in China offers quality products such as Mini LED Flashlights , LED Police Flashlight Manufacturer, and more. For more , please visit 3 AA LED Flashlight today!
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