Asian Paints to set up plant at Vizag at Rs. 1,700 cr.

Paving the way for setting up of a Rs. 1,700 crore manufacturing plant of Asian paints at Visakhapatnam, the Andhra Pradesh government recently said it has cleared the 'administrative hurdles' for the project.

Asian Paints has agreed to establish the unit soon after the allotment of the land and obtaining due environmental and other clearances from the government.

'The Andhra Pradesh Government has cleared the administrative hurdles in the setting up of a Rs. 1,700 crore manufacturing plant of paints giant Asian Paints at Visakhapatnam,' a state government release said.

AP Chief Secretary IYR Krishna Rao recently held a review meeting with the Asian Paints' representatives and the Industries Department to clear bottlenecks in the project.


HBL