According to reports, float glass manufacturer, Saint Gobain Glass India, today said it would invest Rs 1,000 crore in various projects over the next two years.
The company’s Managing Director B Santhanam said while Rs 800 crore would be invested in their new facility coming up in Bhiwadi in Rajasthan, Rs 100 crore each would be pumped into the company’s existing facility in Chennai and the newly acquired Sezal Glass’ float glass plant in Gujarat.
The Bhiwadi plant, coming up at a total investment of Rs 1,000 crore, is expected to be commissioned in the first quarter of 2012.
Saint-Gobain is also scouting for land in Tamil Nadu and Andhra Pradesh for setting up of its first Solar Gas Complex at an investment of Rs 500 crore.
“We are currently talking with the two governments (Tamil Nadu and Andhra Pradesh) for alloting us a site that will help us to manufacture crystalline silica, thin-film photovoltaic and solar mirrors at one complex itself,” he said.
“Basically, for solar projects, Rajasthan, Gujarat and Tamil Nadu are preferred destinations. We are focused on setting up the facility in South,” he said.
On the size of the land required he said it should be a 60-acre land that would help to manufacture all the three (crystalline silica, thin-film photovoltaic and solar mirrors) based products.
“We are looking at the facility to become 50% export oriented,” he said.