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Vedanta plans to enter the glass industry

Post Time:Jan 28,2019Classify:Company NewsView:951

Vedanta chairman Anil Agarwal has informed about the company’s future business plans that include plans to enter into the glass industry, a brand-new business venture for Vedanta, in India. Its aim is to set up a complete glass plant in Nagpur to manufacture glass for laptops, smartphones and TVs, entailing an investment of nearly USD 4-5 billion.

Anil Agarwal stated that in India, electronics are very important, Vedanta produces glass in Japan, Korea and Taiwan. The company leaders have had talks to discuss setting up a complete glass plant in Nagpur for manufacturing glass for TVs, computers and cell phones. He states it is a large project that will require a lot of technology. If the project is initiated, it could lead to as many as 50 different companies worldwide, including Taiwanese and Japanese companies, opening up business in the vicinity.


Source: glassonline.comAuthor: Shangyi

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