Fabience to invest Rs 50 cr in Hyderabad plant to expand furniture production, exports

Hyderabad, Oct 9 (UNI) Premium furniture manufacturer Fabience plans to invest around Rs 50 crore in a new greenfield manufacturing facility near Hyderabad to expand production capacity, strengthen its domestic market presence and accelerate exports, the company said on Friday. The proposed 1.5 lakh sq. ft. facility is targeted for completion by next year and is expected to generate around 100 direct jobs, the Hyderabad based firm said in a release. The plant will focus primarily on movable furniture, including sofas, chairs and loungers, while supporting the company's existing modular furniture business. Fabience Managing Director Raj Venu Gopal Takkallapally said…