Nippon Paint to invest Rs 430 crore in India
Paint major Nippon Paint is planning to invest Rs 430 crore in India for expanding its operation by 2011, a top company official said.
By PTI |
CHENNAI: Paint major Nippon Paint is planning to invest Rs 430 crore in India for expanding its operation by 2011, a top company official said.
Addressing a press meet on Wednesday, Nippon Paint (India) Ltd Managing Director Yip Wai Meng said, the company has acquired 31 acres of land in Gurgaon to set up its flagship plant in India to manufacture industrial and decorative paint.
The company has committed Rs 80 crore on its Chennai plant, he said.
Meng, while launching the company's odourless paint, 'Nippon Odour- less premium, all in '1' paint on Wednesday, said the company would invest Rs 350 crore in the Gurgaon plant.
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