French multinational company Saint-Gobain said it will continue its planned investment of more than ₹2,500 crore in greenfield and brownfield expansion in India in two years.
The company is also looking to invest in start-ups and strategically-fit acquisitions to capitalise on the growth opportunities.
“We are ahead of the curve on the investment front,” said Santhanam B., chairman and managing director, Saint-Gobain India Pvt. Ltd. “Based on the long-range plan, as a group, we will be completing investments of ₹2,500 crore in FY22 and FY23. We are creating larger facilities, looking at potential acquisitions, investments in start-ups, accelerating spends on digital transformation and increasing R&D spend.”
The plan includes two investments of ₹500 crore each in capacity expansion and an investment of ₹1,000 crore in a greenfield plant to manufacture building materials for which the location is yet to be finalised. He said the company had cash of more than ₹2,000…