Paint major Nippon Paint today said it would be setting up two manufacturing facilities in India - at Chennai and Gurgaon.These plants are expected to be commissioned in the first quarter of 2008, Ramakanth Akula, VP, Nippon Paint India, said.India would be the 16th country having Nippon manufacturing units, Satoshi Yamamoto, General Manager, International Nippon Paint, Japan, said.The company, with a $ 3 billion annual turnover, had set its eyes on capturing the Indian market, which, he said, was one of the fastest growing ones.The company would be investing Rs 80 crore in the next two years, W M Yip, MD of Nippon Paint (India), said announcing the launch of Nippon's products in the country.The company would initially be selling only a few products, imported from manufacturing plants all over the world and would introduce its products in India in a phased manner, Yip said.The company would appoint 50 exclusive dealers in South India and ten of them would be in Chennai. These dealers would not only sell products but also give advice to consumers as to the approprriate choice of paints for their houses and offices, Akula said.
