UK glass maker Pilkington PLC is planning to enter the INR 50 billion Indian flat glass market and is seeking a local partner, Indian business daily The Financial Express reported quoting unnamed sour…
UK glass maker Pilkington PLC is planning to enter the INR 50 billion Indian flat glass market and is seeking a local partner, Indian business daily The Financial Express reported quoting unnamed sources. The UK-based company, part of the NSG group, is expected to sign a deal shortly, the report added citing sources close to the development. There was no reply to an e-mail query to the company about its Indian plans and investment, the paper said. “Three of the top four glass makers like Guardian, Saint Gobain and Asahi Glass have already entered the Indian flat glass market worth INR 50 billion. With already announced investment of INR 21.50 billion by various players, the industry within the country is likely to grow over 10% annually”, the report added quoting All India Glass Manufacturers“ Association chairman Sanjay Labroo.