Berger Paints India Limited has proposed to set up a paints manufacturing complex at Hindupur in Anantapur district of Andhra Pradesh comprising three units and involving an investment of around Rs 350 crore.
The proposed units include a Rs 200-crore, 150,000 kilolitre (kl) capacity per annum, water-based paints manufacturing plant, the capacity of which will be scaled up to 300,000 kl over a period of five years at an additional cost of Rs 100 crore.
The other two plants are a Rs 25-crore, 24,000 kl water and solvent-based paints unit to be set up by Berger's British paints division and a Rs 22-crore plastic and metal containers unit to be set up by its group company Seaward Packaging Private Limited.
According to an official press release, the state government has allotted 48 acres for the proposed paint complex. Following its completion, the complex will provide employment to 700 persons.
Berger Paints managing director, Subir Bose, was stated to have met chief minister, K Rosaiah, on Friday and informed him about his group's plans for the state.
“We are the first major company to invest in a mega project in the Rayalaseema area and we understand that substantial interest has now been generated among various industries in and around Hindupur,” Bose stated in a press release.
