Aditya Birla Group (ABG) will make an investment of Rs 1,000 crore in the state of West Bengal to set up a paint hub. The proposed project would generate over 600 direct and 1,500 indirect jobs.
The Kumar Mangalam Birla-led group, which recently entered the paint sector, had earlier written to Chief Minister Mamata Banerjee expressing interest in setting up a paint manufacturing unit in the state.
The group had requested for land parcel to set up its facility. This would be a decorative paint unit with backward integration on 80 acre of land in Vidyasagar Industrial Park in Kharagpur. It will also set up ancillary units there.
The plant would be commissioned in 18-24 months. The investment is likely to be done through Grasim, whose Board of Directors had approved a foray into the sector at a capital expenditure of Rs 5,000 crore over the next three years.