V-Guard Industries plans to expand outside southern India

In a bid to expand its reach outside southern India, V-Guard Industries is looking for acquisitions and in this regard the company will invest Rs 500 crore. For acquisition, the company is eying those firms which have manufacturing and product capabilities outside the southern region.

The company, which has grown organically since its inception in 1977, now wants to increase its market share outside South India. It also intends to set up a manufacturing facility in the East, where it seeks to bolster its presence.