Saint-Gobain announces investment of Rs 3,400 crore in Tamil Nadu
Saint-Gobain India, a renowned glass manufacturer and housing solutions provider, announced a Rs 3,400 crore investment in Tamil Nadu across multiple companies on Friday.
This is part of a Rs 8,000 crore investment by Saint-Gobain in Tamil Nadu over the next 4-5 years.
This comprises a number of green and brownfield initiatives in the state's manufacturing sectors.
"We are investing Rs 3,400 crore across different businesses -- glass wool, gypsum plasterboard, plaster, acoustic ceiling, float glass, solar glass, adhesives, sealants, mortars and ceramics in our next phase of expansion in Tamil Nadu," B Santhanam, CEO, Asia Pacific and India region and Chairman, Saint-Gobain India, said.
The announcement was made after Saint-Gobain Global Board represented by Chairman Pierre-Andre de Chalendar, and CEO Benoit Bazin met Tamil Nadu Chief Minister M K Stalin and state government officials.