Qatar: Aria to invest $267mln in float glass facility in India’s Maharashtra

Qatar: Aria to invest $267mln in float glass facility in India’s Maharashtra

Qatar - Aria Holding, a Qatar-based leading global conglomerate, will invest will invest over INR2,000 Crores ($267 million) to establish a state-of-the-art float glass manufacturing facility in the Indian state of Maharashtra.

For this Aria signed a a Memorandum of Understanding (MoU) with the Government of Maharashtra at the recent World Economic Forum 2024 Annual Meeting in Davos, Switzerland.

The agreement was signed by Suraj Thampi, Group Chief Executive Officer of Aria Holding, and Dr Harshdeep Kamble, Principal Secretary of the Industries Ministry, in the presence of the Chief Minister of Maharashtra, Eknath Shinde, the Minister of Industries, Uday Samant, and John Douglas, Commercial Director, Alutec Facades.

Key milestone

"The Government of Maharashtra welcomes this investment by Aria Holding, and this MoU marks a significant milestone in our efforts to promote the local economy and attract new investors to the state,” stated Shinde.

“We are confident that this investment by Aria Holding will fortify the state's manufacturing sector and create a spectrum of job opportunities, from skilled labour for manufacturing to professionals, and will bring tangible benefits to our state. We are committed to providing all necessary support for successfully establishing the float glass plant.”

The MoU aligns with the ‘Make in India’ initiative launched by