Pilkington is planning to set up a wholly-owned subsidiary in India, which would initially participate in the wholesale cash-and-carry float glass business, according to a report in The Hindu. The development has aroused interest among industry observers, as it could be the precursor to Pilkington starting manufacturing in India, where Saint Gobain Asahi have already made sizeable investments. In its recent annual report, Pilkington identified India, China, Russia W Asia as the top 4 priority areas for growth. The company, which had revenues of EUR 3.96BN 2004/2005, has manufacturing operations in 24 countries & sales in over 130 countries. Pilkington's entry would intensify competition in the Indian glass market, which also boasts substantial domestic players such as Modiguard.
