Japan“s Asahi Glass Company is investing Rs 50 crore in its Indian joint venture, Floatglass India. Analysts suggest, however, that this is unlikely to boost stock market confidence in the company. T…
Japan“s Asahi Glass Company is investing Rs 50 crore in its Indian joint venture, Floatglass India. Analysts suggest, however, that this is unlikely to boost stock market confidence in the company. They point out that Floatglass India has had financial difficulties since it began operating. Given the fierce competition in the domestic glass industry, there appears to be little scope for a revival of Floatglass India“s performance in the near term, they say.