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Asian Paints To Set Up Paint Manufacturing Facility In MP

BY Realty Plus

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Asian Paints proposal for setting up a new water-based paint manufacturing facility with a capacity of 4 lakh KL per annum at an approximate investment of Rs 2,000 crore in Madhya Pradesh, has received the land allotment letter by the Government of Madhya Pradesh.

In a regulatory filing, the company stated that it received the letter allotting the land admeasuring around 166 acres situated at Pithampur, Madhya Pradesh, for setting up the paint manufacturing facility, subject to such other approvals and clearances, as may be required.

The firm is in the process of executing the necessary agreements with the MP Industrial Development Corporation in this regard.

Asian Paints is India's leading paint company and ranked among the top ten decorative coatings companies in the world. Asian Paints is engaged in the business of manufacturing, selling and distribution of paints, coatings, products related to home dor, bath fittings and providing related services.

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Tags : Asian Paints paints coatings products Government Madhya Pradesh Industrial Development Corporation