Asian Paints to invest Rs 1750 crore in new facility in Andhra Pradesh
The proposed facility at Visakhapatnam would be the largest and most modern manufacturing plant of Asian Paints
BS B2B Bureau B2B Connect | Mumbai
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The company had negotiated for land and other incentives with both Andhra Pradesh and Karnataka governments and finally settled for a better deal.
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The new plant would help in catering to the eastern market of the country as the Rs 30,000-crore domestic paints business was expected to grow in double digits, according to Jalaj Dani.
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First Published: Mar 12 2015 | 6:23 PM IST