An official delegation from India’s Berger Paints paid a visit to the Stavropol Region. Berger Paints Chairman of the Board Kuldip Singh Dhingra and Stavropol Governor Vladimir Vladimirov inspected the territory of the Nevinnomyssk regional industrial park, where a plant is to be built to manufacture industrial and façade paint and varnish materials.
Kuldip Singh Dhingra said investment in the new production facility would amount to approximately USD 20 million during the initial stage. The plant will have capacity to manufacture 3,000 tons of paint and varnish products per year. At least 50 jobs are expected to be created as a result of the project. The plant is to be built within nine months.
The Berger Paints chairman offered high praise for the capabilities of the Nevinnomyssk industrial park as regards the establishment of the new enterprise.
“Before making a decision on the site of the plant, we studied the market. We really liked the site we selected since there is ideal infrastructure for industrial production here. The support for the project from the government and governor of the Stavropol Region is also very important,” Dhingra said.
Berger Paints India Ltd, the Kolkata-based paints manufacturer, has signed a memorandum of understanding with the Government of the Stavropol region, Russia, for conducting a feasibility study and establishment of an industrial coatings plant in Stavrapol.
Stavrapol, at the centre of the northern Caucasus region and in the South West corner of Russia, is an industrially developed area, with an automobile manufacturing facility and several other industries. As a part of its strategy to further grow its industrial sector, Stavropol Governmentis inviting global investors, including entrepreneurs from India, for setting up manufacturing facilities in the region.
Pursuant to the MoU, Berger Paints will conduct a feasibility study, to be completed by 2015, for setting up a modern industrial coatings plant in Stavrapol. Berger will set up the plant to cater to the demands of the industries in the region and elsewhere in Russia, based on the results of the feasibility study.
Kuldip Singh Dhingra, chairman, Berger Paints, said, "By joining hands (with the Government of the Stavropol region), we can collectively use our resources better to conduct feasibility study for setting up a modern industrial coatings in the Stavropol region. This is a step towards development of bilateral cooperation and we look forward to a successful collaboration.
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India's third largest paint manufacturer, with its headquarters in Calcutta, Berger controls a distribution network comprising of 66 stock points and approximately 10,000 dealers, spread across the country.