Glass Firms Head For Uttaranchal

Several top-notch glass companies are evincing interest in setting up manufacturing units in Uttaranchal.

After Asahi Glass, it is now the turn of Gold Plus Glass Industry to set up a unit at Haridwar district’s Roorkee area with an investment of Rs 400 crore. The company has identified land in Thithola village of the Roorkee area for this.Gold Plus Glass Industry Managing Director Subhash Tyagi recently met Uttaranchal Chief Minister N D Tiwari and discussed the various issues concerning the setting up of the unit.

Tyagi told Tiwari that the new unit would provide employment to 250 people and start production before March 31 next year. On his part, Tiwari asserted that his government was providing all facilities and a good atmosphere to the industries setting up units in the state. Already, nearly 2,000 new units were being set up with a total investment of Rs 20,000 crore, he said.

Asahi Glass is also setting up a new production unit in Roorkee with an investment of Rs 1,300 crore. La Opala RG Ltd and Borosil have also shown interest in setting up units in the state to avail of the tax holiday scheme of the Centre.

La Opala, India's leading glass tableware manufacturer, is setting up a modern production unit in Uttaranchal by next year at a cost of Rs 35 crore.

The company is increasing its annual business target to Rs 100 crore by March 2009 and is hoping to introduce new tableware glass products from the plant it is planning to set up in Uttaranchal.

“Quite a few new glass companies are coming to Uttaranchal,” said Alok Kumar, managing director of the government-run State Industrial Development Corporation of Uttaranchal Limited (SIDCUL), the nodal agency for setting up units in the state.

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600450 Glass Firms Head For Uttaranchal
Date: 22 June 2006

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