French building materials giant Saint-Gobain will invest an additional €1 billion in India over the next five years, underscoring its confidence in the country’s economic growth and expanding role as a global manufacturing hub.
The announcement was made by Saint-Gobain Chairman and CEO Benoit Bazin following his meeting with Prime Minister Narendra Modi in Paris on Thursday.
Bazin described India as Saint-Gobain’s fastest-growing market worldwide and highlighted the company’s deepening commitment to the country after more than three decades of operations.
“We have been in India for three decades. It’s the fastest-growing country around the world, and we are committed to investing another €1 billion over the next five years,” Bazin said.
He noted that Saint-Gobain has tripled its sales in India over the past decade and currently operates 82 manufacturing facilities across the country. The company continues to invest heavily in research and development, information technology and advanced manufacturing capabilities.
Bazin also emphasized India’s growing importance as an export base for Saint-Gobain, with products manufactured in the country increasingly being supplied to markets across the Gulf region, Southeast Asia and Australia.
Calling his interaction with Prime Minister Modi “fantastic, insightful and inspiring,” Bazin said discussions focused on expanding Saint-Gobain’s footprint in India, strengthening innovation and research partnerships, and advancing sustainability goals.
The two leaders also exchanged views on promoting circular economy initiatives, developing environmentally sustainable solutions and accelerating research and development efforts to create new products and technologies.
In a post on social media following the meeting, Prime Minister Modi highlighted India’s rapid transformation in infrastructure and urban development and said discussions centered on expanding Saint-Gobain’s presence in the country while deepening cooperation in innovation and sustainability.
Bazin said the meeting reflected growing economic engagement between India and Europe and reinforced Saint-Gobain’s long-term confidence in India’s growth story.
The planned €1 billion investment is expected to further strengthen the company’s manufacturing capacity, research capabilities and export operations, supporting India’s ambitions to become a major global industrial and innovation hub.
