Monday, December 4, 2023
HomeIndustriesGrasim Industries Limited to Invest Rs. 731.79 crore on a Decorative Paint...

Grasim Industries Limited to Invest Rs. 731.79 crore on a Decorative Paint Project at Chamarajanagar

- Advertisement -

Brief Introduction

In the last few years the Mysuru region has seen investments in the chemical sector, and the investment mostly has been in the sectors like pharmaceuticals, decorative paints, fine-chemicals, perfumery, aromatics, Industrial & automotive lubricants, silk fabric dyes etc. 

Some of the major industries who put their projects around Mysuru are 

  • Jubilant Life Science, which currently operates a massive Pharmaceutical plant, is doing a brown-field expansion of the plant to include API (Active Pharma ingredients) into its portfolio.
  • Mysore Lac and Paints Ltd, which makes the world famous “indelible ink” that facilitates elections in the entire Indian subcontinent and beyond. The company exports to more than 100 countries.
  • Kluber Lubrication India, which makes specialty chemicals, greases, pastes, release agents, aerosols and oils at its state-of-the-plant and sells them to its local and global customers. Kluber is a part of the world renowned German MNC Freudenberg group.
  • Asian paints (AP), The elephant in the room certainly is AP. With an investment more than Rs. 2000 Crores, AP leads the pack with its breath-taking investment. It makes all sorts of paints – decorative and others. The paint is manufactured at a highly mechanised, zero discharge plant near Nanjangud.

There are other SMEs making chemicals in the region.

- Advertisement -

Next in line to make a sizable investment is Grasim Industries Limited. It has shown interest to invest 731.79 crore to establish a unit to manufacture of “CoPolymer Acrylic Emulsion, Alkyd Resin, Enamel (Solvent based Paint),  Water based Paint” at 102.2 acres plot in Chamarajanagar’s KIADB Badanaguppe Kelamballi Industrial Area.

Badanaguppe is the Chamarajanagar district’s first KIADB industrial estate. The estate has attracted a major investment to the tune of 700 crore+ Being an industrially backward place, the GoK is giving a lot of tax breaks to encourage investments in the district.

What is triggering the investments in the region?

Skilled manpower, qualified engineers at the door-step, quality infrastructure, reasonably good connectivity to major consumption centers through Mangalore/ Chennai ports, and a major inland container depot at Whitefield, Bangaluru. Good educational institutes and industrious people.  

- Advertisement -

Chamarajanagar’s attraction

Large tracts of land is available at very lucrative prices, the government is investing heavily in augmenting the infrastructure to bring it on par with other estates. Mysuru and Nanjangud are just within 60kms, so companies can tap into the pool of qualified engineers/ specialists there. Also, the cost of local labour is very low there. 

The icing on the cake for Chamarajanagar is the upcoming Multi modal logistic park (MMLP) & Inland container depot (ICD) at Kadakola, which is just 30 kms away from the city. With this infrastructure, the manufactured goods can be transported across India and abroad without much hassle.

About the Grasim Industries Limited

Grasim started as a textile’s manufacturer in India in 1947. It’s a leading global player in VSF and the largest chemicals (Chlor-Alkali) player in India. Also the largest cement producer and diversified financial services (NBFC, Asset management and life insurance) player in India through its subsidiaries Ultra Tech Cement and Aditya Birla Capital.

- Advertisement -

Also Read: KIADB to devlop Kochanahalli Industrial Area

- Advertisement -


Leave a Reply

- Advertisment -

Most Popular