Saint-Gobain India has formalised an agreement with the Tamil Nadu Government, committing to invest Rs 3,400 crore in the state. This Memorandum of Understanding (MoU) encompasses a range of green and brownfield investments across various manufacturing sectors in Tamil Nadu. With this commitment, Saint-Gobain India’s total investment in the state exceeds Rs 8,000 crore.
The MoU was signed by B Santhanam, CEO – Asia Pacific and India Region, and Chairman of Saint-Gobain India, in the presence of Honorable Chief Minister M K Stalin, senior ministers, and government officials during the Global Investors Meet in 2024.
Chief Minister Stalin acknowledged Saint-Gobain’s significant contribution to the economic and industrial development of the state over the past two and a half decades.
B Santhanam commented on the investment, stating, “We are allocating Rs 3,400 crore for various businesses, including glasswool, gypsum plasterboard, plaster, acoustic ceiling, float glass, solar glass, adhesives, sealants, mortars, and ceramics, as part of our next phase of expansion in Tamil Nadu. As pioneers in Light and Sustainable Construction, we are well-positioned to offer building material solutions that integrate performance, aesthetics, and sustainability.”