The French company Saint-Gobain has announced a substantial investment of INR 3400 Crores in diverse products in Tamil Nadu, with the aim of promoting economic growth. This initiative will elevate the company's total investment in the state to nearly Rs8,000 crore. Read SURFACES REPORTER (SR)'s complete report below:
Mr. B. Santhanam, CEO, Asia Pacific and India Region and Chairman, Saint-Gobain India, formalized this commitment by signing an MoU with the Tamil Nadu Government on January 9, 2024, at the Global Investors Meet. The MoU encompasses significant green and brownfield investments across various manufacturing sectors, further solidifying Saint-Gobain India's financial commitment to the state.
Mr. B. Santhanam, said, “We are investing INR 3400 Crores across different businesses: Glasswool, Gypsum Plasterboard, Plaster, Acoustic Ceiling, Float Glass, Solar Glass, Adhesives, Sealants, Mortars, and Ceramics in our next phase of expansion in Tamil Nadu. As trailblazers in Light & Sustainable Construction, we are well poised to provide building material solutions that combine performance, aesthetics, and sustainability.”
The declaration followed a meeting between the global board of the company, headed by Pierre-Andre de Chalendar, Chairman, and Benoit Bazin, CEO, with Tamil Nadu Chief Minister MK Stalin, senior ministers, and state government officials on Friday.
Further, Chief Minister Stalin commended Saint-Gobain for its significant contributions to the state's economic advancement over the past 25 years. He urged the company to persist in playing a pivotal role in realizing his vision of transforming Tamil Nadu into a 'One Trillion Dollar Economy.'
Worldwide leader in light and sustainable construction, Saint-Gobain designs, manufactures and distributes materials and services for the construction and industrial markets.
Image credit: Saint Gobain