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Asian Paints plans Rs. 2,000-crore water-based paints facility ? The country’s largest paints manufacturer, Asian Paints, is setting up a new paint manufacturing plant of 4 lakh kilo litres per annum capacity involving an investment of Rs. 2,000-crore. ? The company is exploring the possibility of making this investment and setting up the manufacturing facility in Madhya Pradesh, subject to grant of requisite incentives by the State Government and such other approvals and clearances, as may be required, the company said in a regulatory update. ? The Board of Directors of the company at their recent meeting accorded their approval for the facility, which is expected to be commissioned in three years, after acquisition of land, it added. ? The company would use the latest manufacturing technology to produce paints and intermediates in the proposed facility in an environment-friendly manner, it said. ? At present, Asian Paints has a total production capacity of 1,700 million litre per annum (mlpa). ? Follow Chemical Weekly page for regular industry updates ? Subscribe to Chemical Weekly magazine: https://lnkd.in/g3S4ZSu9 ? Chemical Weekly is the official media partner for ChemExpo India 2023 (Apr 18-19, Mumbai). To know more visit www.chemexpoindia.com ? #chemicals #chemical #chemicalindustry #chemicalweekly #specialitychemicals #waterbased #paint #coatings #technology #environment #intermediates #ecofriendly #manufacturing #investment Chemical Weekly www.chemicalweekly.com