Saint Gobain to invest Rs 8,000 crore in India to achieve growth target

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New Delhi: Glass maker and home building solutions provider Saint-Gobain will invest Rs 8,000 crore over four-five years for capital expenditure and acquisitions to drive growth. Company’s chief B Santhanam gave this information. The company has recently acquired ‘Stone Wool’ manufacturer Rockwool India and ‘Glass Wool’ manufacturer Twiga.

The company still wants to continue the growth. Saint-Gobain India, a subsidiary of the French glass maker, is expected to grow by 10 per cent by volume in the Indian market. The company is seeing a boom in demand here. Santhanam, CEO, Saint-Gobain, Asia Pacific and India region and Chairman, Saint-Gobain India, said, “Hullsaint-Gobain India is doing very well in India in terms of growth, profitability and expansion.

All of our businesses are performing well, including building construction and industrial solutions. We will register a growth of 8-10 per cent in 2023-24 as compared to the last financial year, he said. He said that India is the third largest country in terms of profit in Saint-Gobain’s global market.

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