MMDI & Diamond Display
The Joint venture, Macromedia Diamond Display Pvt Ltd., will manufacture shop front and in-store signages.
Bringing the best-in-country expertise in printing and signages together, Hyderabad-based Macromedia and Bangalore-based Diamond Display Pvt Ltd, have joined hands to create Macromedia Diamond Display Pvt Ltd, which will manufacture high-end shop front and instore signages. The investments planned for this JV company will be approximately Rs 10 crores. The company will kick start its operation from August from a 2000-3000 sq ft space in Greater NOIDA and plans to expand soon in various other Indian cities.
The company has already ordered for the latest variants of machineries like routers, laser cutting machines, edge bending machines. The machineries will be sourced from local markets, China and some parts of Europe. “We have been manufacturing regular variety of store signages for our clients. After this JV company starts its operation, with the expertise of Diamond Display in our kitty, we will be able to deliver all high-end signages with all possible combinations like wood, steel and acrylic, “Musunuri added.
MMDI is already developing a software for their retail clients, which will enable them to keep a constant check on the status of their orders and other updates.