Painting a Growth Story: Nippon’s ₹200 Cr Investment

Nippon Paints India, a subsidiary of Japan’s Nippon Paint Holdings, plans to invest around ₹200 crore in India over the next 12 to 18 months to expand capacity and strengthen its presence across emerging segments, a senior executive said.

Speaking at a press conference, Sharad Malhotra, Managing Director of the Nippon Paint (India) Group, said the investment will be directed towards scaling up existing manufacturing facilities, creating new capacities in fast-growing segments, and pursuing acquisitions of companies and factories.

Malhotra noted that the company currently has limited domestic capacity in segments such as powder coatings and electrodeposition coatings for the automobile sector. “As these products are gaining importance, we will need to build entirely new capacities for them in India,” he said.

News by Rahul Yelligetti.