7 months ago
Saint-Gobain Accelerates India Investments, Eyes Exports
Saint-Gobain, a big French company that makes building materials, is planning to invest a lot more money in India.
They want to build new factories, buy other companies, and make India a place where they can make things not just for India but also to sell to other countries like Vietnam and Australia.
They have already invested €2 billion in India and have 82 factories there.
They think India is a great place to grow because there are a lot of people, and the country is building many new houses, roads, and airports.
They also want to make their products more environmentally friendly and are doing a lot of research in India to help with that.
The company's boss says India is one of their best markets and they are very excited about the future there.
Saint-Gobain plans to accelerate capital expenditure and acquisitions in India over the next 10 years.
The company aims to position India as a strategic manufacturing and export hub for its global operations.
Saint-Gobain has invested close to €2 billion in India and operates 82 manufacturing plants across various product lines.
Exports currently account for around 5% of Saint-Gobain India’s output, with a target to increase this to 10–15% over the next five years.
The company is investing in product qualification and manufacturing standards to cater to markets such as Vietnam and Australia.
- Who
- Saint-Gobain, a French construction materials major
- What
- Plans to accelerate capital expenditure and acquisitions in India, positioning it as a strategic manufacturing and export hub
- Where
- India, with a focus on infrastructure and housing demand
- When
- Over the next 10 years, with immediate actions already underway
- Why
- To capitalize on India's infrastructure expansion, housing demand, and rising exports, while leveraging the country's scale, cost competitiveness, and skilled workforce
Key facts
- Company
- Saint-Gobain
- Investment Horizon
- 10 years
- Current Investments
- €2 billion
- Manufacturing Plants
- 82
- IT Professionals in India
- 2,000
- Researchers in Chennai
- 400
- Current Export Percentage
- 5%
- Target Export Percentage
- 10–15% in 5 years
Quotes
Benoit Bazin
Chairman and CEO of Saint-Gobain
“When we buy a piece of land in India, we think about all the capex we can deploy over the next 10 years.”
CNBC TV 18
“It’s all about the building envelope and infrastructure projects.”
CNBC TV 18
Sources
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