Knauf Group’s €350M Bet on India's Building Sector

German construction materials manufacturer Knauf Group plans to invest an additional €350 million in India to build four new production plants. Managing Partner Murat Akyildiz announced the decision after discussions with Commerce and Industry Minister Piyush Goyal. The first phase features an €80 million investment in a new facility in Gujarat, adding to Knauf's two existing gypsum-manufacturing units in India. The expansion aims to strengthen local supply chains and deepen the company’s long-term presence in the Indian market.

News by Rahul Yelligetti.