Clariant Chemicals (India) Ltd (CCIL) recently announced an investment of `38Cr in its pigments business in India to support the strong market growth in the country and to respond faster to local product development needs. The investments include the construction of a new pigment plant at Roha site in Maharashtra and an upgraded, new technical service laboratory for pigments at Cuddalore site in (Tamil Nadu). Dr. Deepak Parikh, Managing Director & Vice Chairman, CCIL said, “These initial steps are the first in a broader strategy to invest and develop our capabilities in India in order to provide high quality products and superior technical support”.
New industrial and logistics park at Gurgaon Realterm Everstone – a JV between Realterm Global and the Everstone Group inaugurated IndoSpace Luhari – a 1.6 million square feet world class industrial and logistics Park at Luhari, Gurgaon last month. The facility is being constructed at an estimated cost of `300Cr.
IndoSpace further extends its association with DHL by leasing a 320,000sq.ft. facility at the park and will serve as a northern distribution centre for Procter & Gamble (P&G). It has been leased to provide 3PL services to P&G.