French Major and one of the leading Glass manufacturers, Saint Gobain has got green-signal from Rajasthan Government on its proposal of investing Rs. 1,200 crore in the state, over video conferencing held on 28th May 2021.
As mentioned by B Santhanam, Chairman, Saint-Gobain Group in the meeting, Saint-Gobain will invest in a new float glass plant at its World Glass complex in Bhiwadi, Rajasthan. He also mentioned that the new investment would help in producing advanced and value-added products, which will be used towards growing construction and automotive markets in India.
Over the video conference, Chief Minister of Rajasthan Ashok Gehlot assured of providing the best cooperative environment and support for proposed and future investments in the state.
‘India commercial glass market is anticipated to witness significant opportunities and is estimated to grow at a CAGR of around 12% over the forecast period i.e. 2019-2027‘ as stated in the report of Research Nester.
Saint Gobain’s Presence in India
Saint Gobain India Pvt. Ltd. is a subsidiary of French multinational corporation, Compagnie de Saint-Gobain S.A. Saint Gobain India is headquartered at Chennai and has its manufacturing facilities at Sriperumbudur near Chennai of Tamil Nadu, Jhagadia near Bharuch district of Gujarat and Bhiwadi in Alwar district of Rajasthan. Saint-Gobain has an R&D center as Saint Gobain Research India (SGRI) located at the IIT-M Research Park in Chennai.
The foundation of Saint Gobain’s World Glass Complex at Bhiwadi was laid in 2010. Since then Saint Gobain has invested more than Rs. 1,200 crores in the Bhiwadi complex over the years. Saint Gobain’s single largest float glass plant is at Bhiwadi, Rajasthan. Saint Gonain’s Chennai World Glass Complex is spread over 177-acre and comprises 3 float glass lines, 2 advanced Magnetron Coater Lines delivering high performance, energy-efficient glass to the building industry and automotive processing lines.
Saint Gobain manufactures and markets solar control glass, fire-resistant glass, and various other types of float glasses in India. Other major players dominating the Indian Glass market are Asahi India Glass Ltd., Borosil Glass Works Ltd., La Opala RG Ltd., Empire Industries Ltd., Nippon Sheet Glass Co., Gold Plus Glass Industry Ltd.