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Clariant invests Rs 38 crore in Maharashtra unit

MUMBAI: Clariant Chemicals (India) LtdBSE 1.25 % today said it has made an investment Rs 38 crore in pigments business at its Roha site in Maharashtra. 

The investment of Rs 38 crore has been made as a part of an initiative to help accelerate the company's business and support R&D to respond faster to local product development needs, a company statement said here. 

"These initial steps are first in a broader strategy to 
invest and develop our capabilities in India in order to better serve our customers and provide them with the high quality products and superior technical support they need to be successful in growing their business," CCIL Managing Director & Vice Chairman Deepak Parikhsaid.