Asian Paints is planning a six lakh kilo litres per annum (KLPA) water-based paint manufacturing unit at Village Immavu, Thandya Industrial Area (2nd Phase), Nanjangud Taluk in Mysore District of Karnataka. The State government has allotted 175 acres to the company and has agreed to sanction more special incentives and concessions requested by the unit. Approximate cost of the project is around Rs. 2,300 cr.
Extracted from HBL, July 15,’15