Wednesday, September 23, 2015

Asian Paints to set up world's largest plant at Mysuru

Mysuru: Asian Paints is gearing up to
set its world's largest plant in the state
at an estimated cost of Rs 2,300 crore,
said a source from the company on
September 22 Tuesday.
The foundation stone on the 175 acre
plot was laid at Immavu industrial area
in Nanjungud.
The source from the company stated
that the plant would have six lakh kilo
litre per annum water-based capacity
when commissioned in 2 phases over
the next 2 years.
With about 900 people being employed
directly and over 4,500 people indirectly,
the plant is estimated to have an annual
turnover of Rs 10,250 crore.
An official said that the plant was being
designed to conduct operations with
zero liquid discharge outside the
premises while 33% of the factory area
will possess a green belt in compliance
with the environment and forests
ministry guidelines.
This Mumbai-based paints company
conducts operations in 17 countries
with 23 plants and markets its products
in nearly 65 countries globally.
After laying the foundation for the plant,
CM Siddaramaiah urged the company
to provide openings for locals,
especially the land losers by training
them with the required skills.
He added that the fact the Asian Paints
chose to set up its green field plant in
the state showed that Karnataka was
the most-industry friendly in the
State Heavy Industries Minister RV
Deshpande stated that the new
industrial policy facilitated the ease
conducting business by getting
clearances online for operations which
minimized human interface.