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"INDIA IS A VERY CRITICAL MARKET FOR US"
BW Businessworld
|September 09, 2023
In an exclusive interaction, Sharad Malhotra, President and Director, Nippon Paint India & Middle East, talks about how the company has begun leveraging India as a base for not just developing a strong domestic business but also expanding the global automotive aftermarket business
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How has the journey been for Nippon Paint India?
Seventeen years ago, Nippon Paint India began its domestic operations from Chennai, as a decorative paint business mainly dealing in household paints. Circa 2023, and the multinational paint and paint products manufacturing company has three business units in India. As it strides ahead, the company has begun leveraging India as a base for not just developing a strong domestic business but also expanding the global automotive aftermarket business.
There are very few multinationals that have come out of their comfort zone. We have our headquarters in Osaka, and a regional headquarter in Singapore but, as far as the automotive aftermarket business is concerned, we are running it from India. We are expanding it from India by reaching out to global markets, and undertaking acquisitions as we look at organic growth and development.
This story is from the September 09, 2023 edition of BW Businessworld.
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