Asian Paints is to increase production in India by 11M kilolitres in 18 months with two plants in the south of the country.
"The first plant in Mysuru, with 6M kilolitres will go on stream by end-2018,” said Amit Syngle, Chief Operating Officer, Asian Paints.
"The second plant at Visakhapatnam with 5M kilolitres will begin production by the first half of 2019.”
Recently, Asian Paints completed expansion activities at its Rohtak plant in Haryana, and modernised its plants in the West and North.
The total investment in these two new plants is said to be about 40bn rupees, according to sources from The Hindu.
"The proposed units would take care of Asian Paints’ sales volume for the next three to four years.
“We also have two units in Sriperumbudur near Chennai.
“It has reached full capacity and we are not expanding it for want of space,” said Syngle.
Mentioning that their future focus was on Smart cities and the affordable housing sector, he said they have started 11 Asian Paints Colour Academies in different parts of the country.