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Repro India site 'to supply 200m books globally'
Publishing giant Repro India is investing INR 52 crore (£6.1m) in a massive 5388 sq m-printing unit that it hopes will supply 200 million books to the global educational and children's book markets, reports Print Week.
Repro has a long client list that includes international companies such as McGraw Hill, Pearson, Longman, OUP and Heinemann in educational publishing, and Igloo, Arcturus, Beaver Books and Dalmatian in children's book publishing.
The group has purchased a wide range of printing equipment, which will be housed at the site in Sachin – a special economic zone (SEZ) – near Surat in Gujarat, India.
According to Repro, the site is being housed in Surat because it is a SEZ and this means it is a free-trade zone and offers benefits such as reduced regulatory paperwork and no duties or levies.
When fully operational, the unit will be able to supply 100 million books to the educational and children's book markets in USA, Europe, UK and Africa, but the company aims to increase this figure to 200 million "soon".
Chief executive officer Sunil Unni told PrintWeek India: "We have successfully garnered a position of leadership in global education. Our results are 19% growth in revenue with INR 155 crores (£18.2m) in 2007-08 and 69% growth in profits (after tax) at INR 15.55 crores (£1.8m)."
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