Saint-Gobain India investing Rs 3,400 crore in TN

09 Oct 2023 CW Team

Saint-Gobain India, a prominent player in the glass manufacturing and housing solutions sector, has announced a significant investment of Rs 3,400 crore in Tamil Nadu. This substantial commitment is part of Saint-Gobain's larger plan to infuse Rs 8,000 crore into the state over the course of the next 4-5 years. The investment encompasses a range of greenfield and brownfield projects across various manufacturing sectors within Tamil Nadu.

B Santhanam, CEO of the Asia Pacific and India region, as well as Chairman of Saint-Gobain India, stated, "We are dedicating Rs 3,400 crore to diverse business segments, including glass wool, gypsum plasterboard, plaster, acoustic ceiling, float glass, solar glass, adhesives, sealants, mortars, and ceramics, as part of our upcoming expansion phase in Tamil Nadu."

The announcement came following a meeting between the Saint-Gobain Global Board, led by Chairman Pierre-Andre de Chalendar and CEO Benoit Bazin, and Tamil Nadu Chief Minister M K Stalin, along with state government officials.

This substantial investment by Saint-Gobain India is expected to foster economic growth and development in Tamil Nadu, while further solidifying the company's presence in the region.

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