Saint-Gobain Chairman Eyes Growth in Indian Market
The chairman of Saint-Gobain Group told the Economic Times that the glassmaker aims to triple its revenue in India during the next decade. “India is one of the fastest growing countries for Saint Gobain. India is the number one country for us — even more than China,” Pierre-Andre De Chalendar said in a Feb. 15 article.
According to the article, about 10 percent of Saint-Gobain’s capital expenditure is invested in the Indian market. “Most of our investments in India have been funded by our existing company in India. It is a sign of the strength of our Indian business. So, we plough back all our profits in India. We haven't sent money out of India for the last few years now. The cash that we generate, we invest back,” Chalendar said in the article.