French manufacturing firm Saint-Gobain has committed a massive Rs 1,100 crore investment to the state of Rajasthan.
French manufacturing firm Saint-Gobain has committed a massive Rs 1,100 crore investment to the state of Rajasthan as a part of a phased expansion plan. The proposed investment would add more than 300 direct employment opportunities in the region of Bhiwadi and Alwar, making Rajasthan the home ground for Saint-Gobain’s Asian demand of float glass. Saint-Gobain said that its proposed investment comes after the company has already invested over Rs 1,200 crore in the state since 2010, creating more than 1,100 jobs. Sain-Gobain, a French firm involved in designing, manufacturing and distributing materials and solutions for the construction, mobility, healthcare and other industrial application markets.
“In line with our strategy for accelerated growth in India, Saint-Gobain will invest in a new Float Glass Plant in our World Glass Complex, Bhiwadi. Rajasthan is the ideal state for this investment as it has abundant availability of Raw materials, an excellent talent pool and most importantly a progressive and dynamic Government,” said B Santhanam, Chairman, Saint-Gobain Group. He added that the new investment of over Rs 1,000 crore would help the company produce advanced and value-added products for the growing construction and automotive markets in India.
Rajasthan has successfully attracted investment proposals worth Rs 1,50,000 crore over the last few years under various thrust sectors such as Green Energy, IT, Startups, Electronics, Glass Mfg, Fabric & Textile, Bathware, Earth Moving, Medical & Health, Ceramic, Mines & Minerals, among others. “Saint Gobain is a renowned industry of the world. When it is choosing the state for its second major investment, it shows its trust in the state. There cannot be better promotion of the state investment scenario than this,” said Ashok Gehlot, CM, Government of Rajasthan.
The state government has announced various policies to attract investment. Rajasthan Investment Promotion Scheme (RIPS)-2019, Rajasthan Industrial Development Policy-2019, Rajasthan Agro Processing-Agri Business and Agri Export Promotion Policy-2019 are some of the policies announced by the government. Rajasthan is the sole producer of Zinc and Lead in India, the largest producer of Marble, Limestone, and Sandstone, largest reserve for granite, potash, and Felspar, 2nd largest mineral-producing state in value. The state has a supply of Natural Gas in 18 Districts which is benefiting ceramics, Glass, and other gas-based industries.