India: Saint-Gobain Gyproc India is planning to strengthen its gypsum business in India with an investment of up to USD100m over the next three years. The company plans to focus more on emerging markets, including India, for future growth.
"Saint-Gobain's gypsum division has said it will focus more on the emerging markets for its future growth and India is one of them. In the next three years, we may invest USD82 –100m to strengthen our operations here", said Saint-Gobain Gyproc India Managing Director V Subramanian. He added that the company will primarily focus on enhancing its existing production capacities besides setting up new facilities in the country.
"We have already invested about USD61m since 2006 and the future investment will be more as the country provides huge opportunity to grow," Subramanian stated. When asked about revenue Subramanian said, "In 2010 we clocked USD82–100m turnover. We are aiming to double this in the next three years."
