Asian Paints Ltd.

Asian Paints is exploring the possibility of setting up integrated paint manufacturing plants in the states of Karnataka and Andhra Pradesh. This step is being taken to meet the demand in the Southern and Eastern parts of the country.

The company is in the advanced stages of negotiations with the respective State Governments. Based on the availability of land, other factors and regulatory approvals, the company will decide the location of the plant. The approximate investment at current prices for setting up a plant with a capacity of 6 lakh Kilo Litre per annum would be Rs 2,300 crore over a period of 5 to 7 years.

Asian Paints is India’s largest paint company and Asia’s third largest paint company. The company along with its subsidiaries has operations in 20 countries across the world and 28 paint manufacturing facilities, servicing consumers in 65 countries through Berger International, SCIB Paints-Egypt, Asian Paints, Apco Coatings and Taubmans.