Saint-Gobain To Invest Rs 1,750 Crore In Anakapalli Float Glass Plant
Sridhar informed the Chief Minister that the company was ready to establish the facility.
Visakhapatnam:Premium glass manufacturer Saint-Gobain will set up a float glass manufacturing plant at Atchutapuram in Anakapalli district with an investment of Rs 1,750 crore, creating around 400 jobs.
The proposed investment was announced by N. Sridhar, senior vice-president and CEO of Saint-Gobain, during a meeting with Chief Minister N. Chandrababu Naidu on the sidelines of the CII Partnership Summit here on Friday.
Sridhar informed the Chief Minister that the company was ready to establish the facility. It currently operates manufacturing units at Tada, Visakhapatnam and Kavali in Andhra Pradesh.
He said the company was also exploring major investments in plasterboard, gypsum systems and insulation products in the state. It would establish a skill development centre at Tenali.
Naidu assured the company of the state government's support and urged it to make optimum use of the resources available in Andhra Pradesh. He suggested that Saint-Gobain consider setting up a Global Capability Centre (GCC) in Visakhapatnam.
The Chief Minister also invited the company to collaborate with IIT Tirupati to develop Andhra Pradesh as a research hub for construction-related products. He encouraged Saint-Gobain to participate in supplying products and services for the construction of the capital city of Amaravati.
Sridhar said the proposed legislation to protect investments in the state had boosted confidence among industrialists. He also appreciated the state government's vision and development plans, describing its presentation on Andhra Pradesh's growth strategy as impressive.
