Asian Paints Ltd., a major Indian paint company, will be investing about Rs. 2,000 crore in a greenfield water-based paint manufacturing unit. This information was given by the company in a stock filing dated 7th January 2023.
This upcoming facility will have an annual manufacturing capacity of 4 lakh kilolitres and is expected to be operational 3 years after acquiring the required land. The company stated in the filing that it is considering setting up this unit in Madhya Pradesh, based on any grants or incentives that the state government might offer for the same.