"French major Saint-Gobain has announced a dual-track expansion plan for India, leveraging both organic investment and inorganic acquisitions."

French construction materials major Saint-Gobain is planning a significant expansion of its operations in India through acquisitions and fresh capital investments, as it sharpens its focus on the country’s rapidly growing construction market, according to its global Chief Executive Officer Benoit Bazin.

In an interview with PTI on the sidelines of the World Economic Forum Annual Meeting, Mr. Bazin said India presents strong growth opportunities for the company, supported by a rising population and accelerating urbanisation.

“As a global leader in light and sustainable construction, we see immense potential in India. Nearly 70% of sustainable buildings in the country have been built using Saint-Gobain materials,” he said.

Mr. Bazin noted that Saint-Gobain currently generates about €2 billion in annual revenue from its India operations and has been steadily expanding its footprint in the country. “We are doubling our business in India every five years, and we continue to invest heavily in the market,” he added.