Saint-Gobain to proceed with ₹2,500-cr. investment in India
The Hindu
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French multinational company Saint-Gobain said it will continue its planned investment of more than ₹2,500 crore in greenfield and brownfield expansion in India in two years. The company is also looking to invest in start-ups and strategically-fit acquisitions to capitalise on the growth opportunities. “We are ahead of the curve on the investment front,” said Santhanam B., chairman and managing director, Saint-Gobain India Pvt. Ltd. “Based on the long-range plan, as a group, we will be completing investments of ₹2,500 crore in FY22 and FY23. We are creating larger facilities, looking at potential acquisitions, investments in start-ups, accelerating spends on digital transformation and increasing R&D spend.”
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