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Business Economy

Saint-Gobain to invest INR 2,500 crore in India in Home and construction space by 2023

Hyderabad, Nov 18 (UNI) Saint-Gobain launched its range of innovative home solutions under the MyHome range, here on Thursday.
Saint-Gobain, a worldwide leader in sustainable building materials, is renowned for quality designs and delivery of products and services.
With homes becoming central to our existence, Saint-Gobain India through the all-new concept of "MyHome" is offering solutions to customers for products including windows, shower cubicles, ceilings, kitchen & wardrobe shutters, roofing products, and mirrors.
By providing the entire suite of solutions under one roof, Saint-Gobain aims to create a hassle-free process, while delivering state-of-the-art products and solutions at the end-consumer’s doorstep, the company said in a release here.
As part of the MyHome launch, Saint-Gobain unveiled its UPvC Windows collection, followed by the Shower Cubicles. The products are manufactured at Saint-Gobain's highly automated & digitalized manufacturing plant developed with an investment of more than INR 100 crore.
hey are available in 500+ design options to suit a bathroom of any size and shape.
Mr Hemant Khurana, Executive Director, Saint-Gobain India, said with a market size more than 25 Bn $ and growing at CAGR of 8-10 percent, the segment is poised to grow even faster given the massive urbanization that is yet to happen. We are only 32 per cent urbanised in India compared to 62 percent in China.
We are intensifying our efforts to grow our home solutions portfolio and also take these solutions to homeowners’ doorsteps through a large field force, he said.
We are also opening 50+ MyHome stores by the end of 2021 in the country in Tier I, Tier-II and Tier-III cities to provide an excellent touch-and-feel experience, he said. We have set a target to generate up to Rs 1,000 crore revenue from home solutions business in the next 3 to 5 years, he said.
We have already opened stores in Chennai, Kochi, Mumbai and are opening in Hyderabad too. Saint-Gobain will be investing more than INR 2,500 crore in India between FY2022-FY2023 in the home and construction space, he added.
Mr Srihari K, Business Head, Saint-Gobain India said we have developed several innovative solutions and a novel go-to-market.
Saint-Gobain India is a part of the Saint-Gobain group worldwide, that operates in 72 countries and it designs, manufactures and distributes high performance materials and solutions, which are used in residential commercial & industrial applications.
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