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Asian Paints announces plans to set up a paint manufacturing facility

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Capital Market

In Indonesia

Asian Paints announced that Berger International (BIL), Singapore, a subsidiary of Asian Paints (International) (APIL), Mauritius, a wholly owned subsidiary of the Company, has on 22 August 2014 filed an application for investment approval with the Regulatory authorities at Jakarta, Indonesia for setting up a paint manufacturing facility as part of a greenfield foray into Indonesia. This greenfield venture is subject to necessary statutory and other approvals.

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First Published: Aug 23 2014 | 1:33 PM IST

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