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KARAM Safety acquires Midas Safety India

KARAM Safety, a global PPE and fall protection solutions provider, has acquired Midas Safety India, enhancing its market leadership by combining expertise in fall protection with hand protection safety products. The acquisition strengthens the KARAM Group s position, aiming for a revenue of INR 1400 crore by 2025 and promoting indigenous manufacturing growth in India. Midas Safety India brings valuable experience, distribution network, and manufacturing capabilities to drive growth and innovation in the safety products market. The Indian PPE market is expected to grow at a CAGR of 10.20% due to workplace safety regulations, industrialization, and increased awareness driven by the COVID-19 pandemic. ....

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