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MIP Inc global leader in reusable healthcare textile industry forays into India

Our Bureau, Bengaluru
Tuesday, December 17, 2019, 15:15 Hrs  [IST]

Global leader in reusable healthcare textile industry, MIP Inc. was launched in India. MIP is a manufacturer and distributor of high performance textile and related products to healthcare facilities and distributors and outsourced laundry service providers. It offers a complete range of textile products found in hospitals and nursing homes, including everything that’s on a bed and in a patient’s room, on a patient and on a doctor and para-medical staff.

MIP Inc. has come to India after being in the business of reusable healthcare textiles for the last 40 years. MIP started its journey in 1977 from Canada where it is a market leader. It holds growing market positions in the United States, United Kingdom and continental Europe. MIP has manufacturing facilities in Quebec, China and Germany. The brand is worth Canadian Dollar 115 million.

“Having made our presence felt in Canada, US, UK and Europe, we felt this was an opportune time to enter the growing Indian healthcare sector. With a proud history of supplying quality products and providing outstanding service we have a long-term strategy for India. We wish our employees and stake-holders in India the very best”, said Tor Lund, president and CEO of MIP Inc.

On what motivated MIP to enter the Indian market now, Tor said that there seems to be an increasing need for high quality textile products that support the world class medical infrastructure and expertise that currently exists.

“We hope to have our products used in 20 private as well as public hospitals and that these will serve as showcases and proof of concept for further growth in 2021 and beyond, Tor added.

Now in India, MIP Inc. aims to power the healthcare segment with effective, affordable and quality healthcare textile products. MIP is owned by Banyan Capital Partners, a Canadian private equity group, and its senior management team.

 

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