French glass major Saint-Gobain will invest 6,000 to 8,000 crore for expansion of Indian operations in the next two years, as the global glass and building materials manufacturer is targeting revenue at 36,000 crore from India by CY2032. The company generated an annual revenue of 12,300 crore in CY2022 and aims at 40% YoY Growth.
It comes in the backdrop of India emerging as the third largest profitable market after the US and France for Saint-Gobain, which has operations in 75 countries.
With 60 manufacturing lines in 30 locations spread over nine states fromRajasthantoTamil Nadu, 14% of the turnover from the Indian operations is generated through exports. While 50% of the turnover is from glass related businesses, 30% is contributed by gypsum and construction chemicals and the rest by abrasives, ceramics and life sciences.