Comments
French glass and building material maker Saint Gobain plans to double its turnover in India to ₹10,000 crore by 2019. The company is also looking to enhance exports from the country.
“We hope to double our revenue as we move ahead with our Make-in-India strategy. We also plan to increase high value-added export products,” Anand Mahajan, General Delegate for India, Sri Lanka and Bangladesh, Saint Gobain, told reporters here. The company’s new refractory facility in Perundurai in Tamil Nadu will commence operation by 2015. He did not reveal the investments made into the plant.
Saint Gobain has four business verticals– innovative material, construction products, building distribution and packaging. The company had clocked a revenue of ₹4,780 crore in 2014.
Mahajan said for the Indian market, the focus of the company will be on local manufacturing, innovation and sustainable habitat. Asked about its investment into the Indian market, he said the company had invested about ₹2,300 crore over last three-four years.
The company, which has a R&D centre in Chennai, the seventh cross functional research centre in the world, said the number of patents from the Chennai centre is growing. “We have applied for five patents out of Chennai R&D division.”
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.