FDI Inflows to Glass
Glass Industry in India-Facts
- The types of glass presently manufactured in India are float glass and sheet glass
- The Glass Industry in India has the production capacity of around 0.68 million tons in a year
- Production of float glass is about 0.51 million tons, which is nearly 75 % of the total glass production in India.
- Production of sheet glass is about 0.17 million tons, which is nearly 25 % of the total glass production in India.
- Float glass can be classified into three types, such as colored glass, processed glass, and clear unprocessed glass.
- The construction sector is the largest consumer of float glass. Around 60 % of the total production is used by the construction sector.
- The automobile sector and the mirror manufacturing activities use 15 % each of the total produce.
- The other glass consumers use 10 % of the total production.
FDI Inflows to Glass Industry-Major Players
- The Indian Glass Industry is dominated by the subsidiaries of the major foreign glass manufacturing companies
- The foreign players are Saint-Gobain, Asahi Float glass, and Gujarat Guardian
- Saint-Gobain has invested ` 700 crores in establishing a second float glass and automotive glass-manufacturing unit at Sriperumbudur, in Tamil Nadu.
- Asahi Glass, is planning to establish a production unit at an estimated cost of ` 50 crores near Chennai.
FDI Inflows to Glass-Yearly
- In the year 2003, the total number of FDI approvals was 144, out of which 41 were technical and 103 were financial. Total investment was ` 22820.50 million, and the contribution to the total FDI was 0.80 % pertaining to the glass industry
- In the year 2004, the total number of FDI approvals was 78, out of which 28 were technical and 50 were financial. Total investment was ` 13416.76 million, and the contribution to the total FDI was 0.74 % pertaining to the glass industry
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