Asian Paints Ltd.

Asian Paints, one of the leading manufacturers of decorative paints in India, has decided to invest around Rs 4,000 crore to set up two manufacturing units - one each in Karnataka and Andhra Pradesh. The company has completed the land procurement process in both the states during the last fiscal and has taken possession of the identified land. 

The company will set up a paint manufacturing plant with a maximum capacity of 5,00,000 kilolitres (KL) in phases at Visakhapatnam in Andhra Pradesh at an approximate investment of Rs 1,785 crore. Furthermore, the company would spend about Rs 2,300 crore to set up another manufacturing facility in Mysuru in Karnataka, which would have a maximum capacity of 6 lakh kl.

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, servicing consumers in 65 countries through Berger International, SCIB Paints-Egypt, Asian Paints, Apco Coatings and Taubmans.