With 4,205 registered green projects and a 4.63-billion-sq-ft green building footprint, India is among the world's top five countries in green construction. In fact, the country's green building footprint is expected to touch 10 billion sq ft by 2022.
The main problem is that our rates of EPC are fixed while the government has proposed a slab of 18 per cent for EPC contracting, which is high. Thus, despite taking input credit, we will be affected by about 10-12 per cent.
Asian Paints is among the largest paint companies in India with a market share of 53 per cent. The company has 25 manufacturing plants in 17 countries and has a strong dealership network of over 45,000 across India.
Be it GST, demonetisation or employment of digital platforms, whenever changes are introduced in any system, teething issues are bound to surface. It will be a learning and growing experience for everyone, one that will take time. We have to see how it pans out to completely understand the challenges and it will be too soon to predict accurately all the nuances.
The Indian paint industry, estimated at approximately Rs 300 billion, is divided between decoratives (~70 per cent) and industrials (~30 per cent). Historically, India´s paints industry has grown between 1.2x-1.6x GDP growth, and this growth is expected to be maintained for most of the companies, going ahead.
Established in 1920, Kansai Nerolac Paints (KNPL) is among India´s largest paint companies, with revenues of Rs 4,593.43 crore in 2015-16. Last year, demand showed a good trend in the decorative segment while the industrial business was still sluggish. On the cost front, while inflation has been benign, signs of firming up of crude were evident.
Kansai Nerolac, the third largest paint company in India, is the leader in the industrial coating business with ~60 per cent share in the automotive coating segment. The company is also one of the few profitable players in this segment.
Global deflationary pressures were quite fearful during the months of January and February. However, since then, the global deflationary fear has receded. Global oil prices rebounded over 80 per cent from the bottom, steel prices in China moved up as high as 30-40 per cent and many other metal and resources prices also rose significantly from the bottom
Established in 1920, Kansai Nerolac Paints (KNPL) is among India´s largest paint companies, with revenues of Rs 4,593.43 crore in 2015-16. Last year, demand showed a good trend in the decorative segment while the industrial business was still sluggish