Vinyl flooring maker Responsive Industries today said it is looking for a suitable location in the US, Europe or the UAE for setting up a USD 100-million plant to meet the global demand.
"We have received approval from the board for exploring possibilities to set up a vinyl floor manufacturing unit in the US, Europe or the UAE in the next three years to meet the rising demand in the western world," Responsive Industries' managing director Rishabh Agarwal told reporters here, adding, "The company may invest around around USD 100 million (Rs 680 crore) to set up the new unit."