Garware Hi-Tech Films announced the incorporation of a wholly-owned subsidiary in Dubai and UAE. This decision, approved on January 22, 2026, aims to facilitate buying and selling activities in the MENA region and to enhance exports to other global markets. The subsidiary will focus on films, ceramic coatings, and PPF (Paint Protection Films) products. The proposed capital for the subsidiary is up to 40 million AED.
New Subsidiary in Dubai
Garware Hi-Tech Films has established a new wholly-owned subsidiary located in Dubai, UAE, to expand its global reach and market presence. The decision to incorporate the subsidiary was formally approved during a Board of Directors meeting held on January 22, 2026.
Strategic Objectives
The newly formed subsidiary will primarily focus on buying and selling activities within the MENA (Middle East and North Africa) region. Additionally, it will serve as a strategic hub for exporting Garware Hi-Tech Films’ products to various other international markets. The subsidiary’s core business activities will encompass a range of products, including films, ceramic coatings, and PPF (Paint Protection Films).
Capital and Operations
The proposed capital investment for the establishment of the wholly-owned subsidiary is up to 40 million AED. As a newly incorporated entity, its turnover is currently not applicable. The company anticipates that this strategic move will enhance its operational capabilities and market penetration in key regions.
Necessary Approvals
Garware Hi-Tech Films will obtain all necessary governmental and regulatory approvals required for the operation of the new subsidiary.
Source: BSE
