Jotun India to open R&D facility
The company is investing over Rs 20 core in setting up of this facility which will be spread in 12,000 sq ft of area.
“The R&D facility will help us to cope with future expansion of R&D staff and will help our innovation process bring products to market faster. This will also extend our capability for India and link in with regional developments in the Middle East and South East Asia,” says Richard Chapman, Managing Director, Jotun India Private Limited.
Jotun India currently has below 1% of market share in the decorative paint segment.
“We have been working on local product for last 4 years. With decorative being the largest share of the paint market, our main focus is on developing this as a profitable long term segment,” says Chapman.