Asahi India Glass (AIS) plans to invest in a state-of-the-art ‘Greenfield Automotive Glass Plant’ near Mehsana in Gujarat. The investment is being made to primarily meet the automotive glass requirements of Maruti Suzuki India Ltd at its newly-established Gujarat plant.
AIS will make an investment of up to Rs 500 crore in the facility in two phases, to be implemented in modules. In the first phase, the plant will have capacities to produce 1 million laminated glasses and 1.2 million tempered glass sets per annum. Investment for the first phase was approved at the AIS board meeting held yesterday.
This investment is in line with the MAKE IN INDIA initiative launched by the Government of India, and with this investment, AIS will further expand its footprint across India with manufacturing plants and advanced sub-assembly units across multiple locations in the country.