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Kansai Paint plans to invest JPY 10 billion to double its automotive coatings production capacity in India by the fiscal year 2030.
Kansai Paint plans to invest 10 billion yen (approximately $63.3 million) to expand equipment and build new facilities at three plants in India, aiming to double its production capacity for automotive and industrial coatings by fiscal year 2030, Nikkei Asia reported. This move is intended to strengthen its supply network in India, the world's third-largest automotive market, and maintain its 60% market share.
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