Time Technoplast Ltd. makes a huge technology leap by tying up with Dow for bringing in revolutionary technology based "Smart Cans" (global patented) that enable the transition from large traditional rigid containers to flexible packaging options in consumer product segment. A technology transfer agreement was signed between both the companies at Mumbai on August 28, 2018 in the presence of Dow's Global Leadership Team and over 50 top potential multinational and Indian user companies. This would allow TimeTech to exclusively produce and sell "Smart Cans" in Indian sub- continent and GCC countries (including Egypt). Time Technoplast shall start manufacture of "Smart Can" first at Daman in India and later at Sharjah (UAE). The Company will go for further expansions in near future in India and other countries of its presence based on customers' acceptance. Total investment in these projects is estimated at USD 10 million- 12 million in the next 2-3 years.