The firm, a division of Hi-Life Labels a weaving company in Tirupur, produces labels and motifs for woven material, as well as tags and stickers.
R Ganesh of Design Plus Plus, said: "We export tags to Vietnam, Denmark and China. To facilitate exports, we have a marketing office in Bangladesh and Sri Lanka. Plus we are eyeing a tie-up with UK."
Ganesh said: "Countries are eyeing India because tag production is quite a specialist job, and it's a skill India is well placed to provide – with a price difference of 43%."
Almost 40% of Design Plus Plus's turnover is now generated by export sales to across the globe, with 60% from the domestic market.
Recently, the company installed a five-colour Mitsubishi 1F press under the EPCG scheme. The Rs 8-cr company is planning to move into a new building soon.
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Unencumbered assets that weren't on the Reflections books, I believe.
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