Cocona Labs Invests In India With New Foreign Entity
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Cocona Labs, the innovator behind 37.5 Technology and a leading provider of sustainable thermoregulation materials, has officially launched its Wholly Foreign-Owned Enterprise (WFOE) in Gurugram, Haryana, India. This strategic move reinforces the company's dedication to expanding its footprint in this rapidly evolving and strategically important market.
Cocona Labs is into development of sustainable temperature regulating materials for clothing, home goods, footwear, and other applications. 37.5® Technology permanently incorporates ultra-porous volcanic minerals and coconut-derived activated carbon into fabrics, insulations, foams, and laminate materials using proprietary process.
By establishing a wholly-owned subsidiary in India, Cocona Labs aims to better serve its customers and partners in the region. This strategic move will enhance our in-country capabilities, streamline sourcing processes, and capitalize on India's growing market potential. By investing in India, we are not only supporting domestic growth but also building resilience in our supply chain.
Cocona Labs' new India WFOE will empower the company to better support its customers, partners, and expanding operations within the region. This strategic move aligns with Cocona's long-term commitment to India, aiming to capitalize on domestic growth opportunities and mitigate potential geopolitical risks associated with sourcing from China. By establishing this WFOE, Cocona Labs will enhance its ability to serve its clientele and streamline the sourcing process for 37.5 Technology materials from India.
Cocona Labs' decision to establish a WFOE in India underscores its dedication to fostering innovation, optimizing supply chain efficiency, and expanding the reach of its sustainable thermoregulation technology to new markets.
10:42 AM, Dec 14
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